LUKOIL may in the 2nd quarter to close the purchase of the filling station network in Europe

LUKOIL may in the 2nd quarter to close the purchase of the filling station network in Europe


BUDENNOVSK, 16 February. LUKOIL in the second quarter of 2016 can close the deal on purchase of petrol stations in the Netherlands and Benelux, told reporters the first Vice-President of the company Vladimir Nekrasov.

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“Buy a gas station network of about 250 stations in Holland and the Benelux countries. The deal can be closed in the second quarter of this year. We sell gas stations where there are no our site, and buy in the logistics area of our refinery,” he said.

Nekrasov reminded that earlier “LUKOIL” sold the gas station network in Ukraine and in several countries. In early February, LUKOIL Europe Holdings BV (a subsidiary of LUKOIL) and Austrian AMIC Energy Management GmbH signed a contract for the sale of approximately 230 petrol stations in Lithuania, Latvia and Poland. The deal will be closed in the second quarter of 2016 after consultation with the regulatory authorities of Lithuania, Latvia and Poland.

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“LUKOIL” it is not the first deal with AMIC Energy. In April 2015, “LUKOIL” announced the closing of the transaction with the Austrian company for the sale of 100% stake in the company with foreign investments “LUKOIL-Ukraine”, owning approximately 240 stations and 6 petroleum tank farms in Ukraine. Relevant agreements were reached in the summer of 2014. The closing of the transaction became possible after obtaining permission of the Antimonopoly Committee of Ukraine.

Earlier it was reported that “LUKOIL” decided to sell its assets in Lithuania and Latvia. This decision of the President of the company Vagit Alekperov explained the increased in these countries, anti-Russian sentiments.