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Athens News Agency: News in English, 09-09-24

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] Motor Oil buys Shell's storage, distribution

  • [01] Motor Oil buys Shell's storage, distribution

    Motor Oil -a Greek-listed refinery- on Thursday announced the acquisition of Shellās petrol station network in Greece, along with a series of the oil giantās assets in the country, for 291.1 million euros.

    Under the agreement, Motor Oil will buy from Shell Overseas Holding Ltd its around 700 petrol stations, fuel storage facilities (located in six Greek cities), its lubricants manufacturing facilities in Perama, storage and distribution of chemicals and 49 pct of aircraft fuel activities (Shell Oversease Holdings Ltd will maintain the remaining 51 pct stake). Under the deal, Motor Oil will maintain Shellās brand on its petrol stations for a period of at least five years.

    Motor Oil will pay an additional 26.5 million euros to buy Shell Gas (LPG) Holdings BV.

    Meanwhile, Petros Petropoulos AEBE announced it will buy Shellās lubricants activities for around 14 million euros.


    Athens News Agency: News in English Directory - Previous Article - Next Article
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