SOCAR acquires 26 petrol stations and oil storage in Ukraine

SOCAR Energy Ukraine (the managing company of SOCAR Ukraine Group companies) will acquire 26 filling stations and oil storage Hatikva Estate, which owns part of the business assets of the Kalina, SOCAR Energy Ukraine informed.
"One of the forms of the development of Ukrainian division of SOCAR as well as other participants in the market of oil products in Ukraine, is the acquisition of corporate assets, that is, absorption or joining other companies," the statement said.

In this regard, as a result of the preparatory work SOCAR Energy Ukraine has obtained permission of the Antimonopoly Committee of Ukraine for the purchase of more than 50 per cent stake in Hatikva Estate.

As a result of the completion of this transaction 26 stations (in Odesa, Mykolaiv, Poltava, Cherkasy, Zhytomyr, Kharkiv regions) and the oil storage in Kharkov region will pass under the corporate control of SOCAR Ukraine. In the future, SOCAR Ukraine plans to rebrand these assets in accordance with corporate standards of SOCAR filling stations.