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M&A: LUKOIL buys 7 gas filling stations in Moscow

OOO LUKOIL-Tsentrnefteprodukt has completed the acquisition of seven gas filling stations from state unitary enterprise Kontora AGNS, the company informed.

All the stations acquired are located in Moscow. The new assets will be completely rebranded to meet LUKOIL's corporate style no later than in 2015.

Under the terms of transaction, LUKOIL-Tsentrnefteprodukt undertakes to ensure the sale of liquefied petroleum gas at the stations acquired for at least 25 years following the purchase and sale contract conclusion.

OOO LUKOIL-Tsentrnefteprodukt founded 2002 unites the sales assets of OAO LUKOIL operating in Central Russia. The company is principally engaged in the wholesale and retail sale of light and dark petroleum products, bottled oils, the retail sale of fuels via its own network of petrol stations. LUKOIL-Tsentrnefteprodukt is operating in Moscow city, as well as Moscow, Tver and Smolensk regions. The company manages ca. 240 filling stations and 5 petroleum storage depots.

"AK&M", 22.07.2014


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