| PRESS-RELEASE | ||
| 04.08.2014 | ||
 |
OAO LUKOIL has signed contracts with MOL Plc. and Norm Benzinkút Kft
on the sale of assets in the Czech Republic, Slovakia and Hungary.
Slovnaft Česká Republica, Spol. S.R.O. (a subsidiary of MOL Plc.)
will buy from LUKOIL a network of 44 gas-filling stations located in the
Czech
Republic’s
territory.
Norm Benzinkút Kft will purchase LUKOIL’s filling-station networks in
Hungary (75 stations) and the
Slovak
Republic (19 stations).
Both deals are expected to be closed before the end of
2014.
The decision to sell the assets was taken as part of the effort to
optimize LUKOIL’s business in petroleum-product
marketing.
Russia's Lukoil to sell 44 petrol stations in Czech RepublicAug 4 (Reuters) - Russia's largest private crude producer Lukoil agreed to sell 44 petrol stations in the Czech Republic to Hungarian oil company MOL , the two companies said. Lukoil also said it would sell 75 stations in Hungary and 19 stations in Slovakia to Norm Benzinkut Kft. "The decision to sell the assets was taken as part of the effort to optimize Lukoil's business in petroleum product marketing," the Russian company said in a statement. MOL aims to expand its more than 1,700 filling stations in Central Europe and the Balkans and earlier this year bought Italian Eni's Czech, Slovak and Romanian units. After buying Lukoil's network, MOL will have 318 filling stations in the Czech Republic, making it one of the leading participants in that market, it said. (Reporting By Alexei Anishchuk and Sandor Peto; editing by Jane Baird) | |
Tuesday, 5 August 2014
Oil and Gas Industry News @ 5th August 2014
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