Russia’s Lukoil to sell 230 filling stations to Austria’s AMIC

MOSCOW, Feb 5 (PRIME) -- Russian oil producer Lukoil has signed an agreement to sell about 230 filling stations in Lithuania, Latvia and Poland to Austria’s AMIC Energy Management, Lukoil said in a statement on Friday.

“The deals are likely to be closed in the second quarter of 2016 after they are approved by antimonopoly authorities of these countries,” it said.

After the deals are completed, Luktarna and VIADA Baltija, affiliated with the management of Lukoil’s unit Lukoil Baltija, will operate filling stations in Lithuania and Latvia.

“The decision on the sale of a retail chain in Lithuania, Latvia and Poland was made within a program of the optimization of Lukoil’s retail asset structure in Europe,” the company said.

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