Sector News

LUKOIL Signs Deal With Aqua Marina To Sell Unit Lukoil Eesti-

June 3, 2015
News
(RTTNews) – OAO LUKOIL, a Russia-based integrated oil and gas company, Wednesday said it has signed a sale-and-purchase contract with Aqua Marina AS to sell it 100% shares of Lukoil Eesti AS, who owns a network of 37 gas-filling stations on Estonian territory.
 
The deal will be closed upon approval from Estonia’s Antimonopoly Service.
 
The decision to sell the network in Estonia was taken as part of the effort to optimize LUKOIL’s business in petroleum-product marketing and raise the efficiency of the management system of the distribution network in the Baltic countries.
 

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