Ukrnafta has finalized its deal with Shell. From now on, the state fully controls the network of 118 filling stations, Komersant Ukrainian reports, citing the company’s official website.
Ukrnafta, a part of the Naftogaz Group, has officially completed the acquisition of a 51% stake in Alliance Holding LLC, the company that owns a network of Shell-branded gas stations in Ukraine. Previously, the State Property Fund of Ukraine owned 49% of the company. Thus, the Ukrainian state has gained full control over Alliance Holding LLC and the network of 118 Shell filling stations, which are now being transferred to the management of the state energy sector.
The decision was a key element in the implementation of Ukrnafta’s updated strategy aimed at expanding the company’s presence in the retail fuel market, strengthening the country’s energy security and diversifying its revenue sources.
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