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Russian fuel retailer Lukoil targets Western Europe

Russian fuel retailer Lukoil targets Western Europe

18/04/2012 15:30

Russia’s biggest private fuel company, Lukoil, said it bought 59 petrol stations in Europe this week. Drivers in Belgium and The Netherlands will be filling up their fuel tanks from Lukoil stations this year.

The deals were signed between Lukoil Belgium and Verolma Group.

“The transaction is to be finalized in the second quarter of 2012 after the appropriate permissions are granted by the Dutch and Belgian regulating authorities,” Lukoil said in a statement. The acquired filling stations use different brands in their operation and will be rebranded to comply with the Lukoil corporate style after the deal is closed.




Source: BPGA, Petrolplaza
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