Lukoil sells its stations in Poland – mojeauto.pl

2016-02-05 BB

Yesterday, an agreement was signed between Lukoil Europe BV, and the Austrian concern on the sale of stations in Poland, Lithuania and Latvia. This means that the Russian company withdraws from the market, the Vistula and the Baltic countries.

Last year, Lukoil sold its stations in Estonia, now the time has come for the markets of Lithuania, Latvia and Polish. In the official press release we say that the decision aims to “optimize the structure of the retail assets of the Russian company in Europe.” The contract for the sale of 230 stations was signed between the holding company LUKOIL Europe BV and Austrian company AMIC Energy Management GmbH.

Network stations in Lithuania and Latvia will continue to sell fuel under the banner of Lukoil as part of a 5-year license agreement. this year, the Austrian energy group will decide whether station network in Poland will be renamed the brand AMIC Energy, which has been operating in Ukraine. it is quite possible that this brand will be introduced also to other Baltic countries. the entire transaction is to be buttoned up in the second quarter of 2016 when the agreement accept all regulators, Latvian, Lithuanian and Polish.

in Lithuania and Latvia station network will be managed by the company UAB Laktarna and AS Viadana Baltija. the first one has 42 points of sale of fuel and two distribution in Lithuania, under the names Luktarna and Lukoil. In 60% of the company belongs to Ivana Paleicikanda. In turn, AS Baltija Viadana manages 30 stations in Latvia (appearing under the names Lukoil and Viadana). UAB Luktarna owns a 80% stake in AS Viadana Baltija.

Criminal
Sale station to be the result of the sanctions that the West imposed on Russia in the last year. For this many experts emphasize that Russian companies from the oil industry suffered from large declines in oil prices. Experts are of the opinion that within two years the Russian budget received as much as $ 400 billion less profits from fuel sales. The Russian economy is mostly based on raw materials. Sale of 230 petrol stations are sizable cash injection for Lukoil, in a difficult period for Russian companies.