Russian company buys Turkey's fuel distribution firm

Akpet is the 6th largest company in terms of market size, 2nd biggest company in terms of number of stations and 3rd largest with its storage capacity of 280.000 cubic meters among 43 companies which have distribution licences.

Russian company buys Turkey's fuel distribution firm
Russia's second largest oil producer Lukoil said Monday it signed a deal with Turkish fuel distribution company Akpet to acquire the company for more than 500 million USD.
Lukoil would buy 100 percent shares of Akpet under the deal signed in Istanbul.

Lukoil's president Vagit Alekperov said that financial figures of the transaction were confidential business information. However, he said it was a little bit over 500 million USD.

Akpet is the 6th largest company in terms of market size, 2nd biggest company in terms of number of stations and 3rd largest with its storage capacity of 280.000 cubic meters among 43 companies which have distribution licences.

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Last Mod: 28 Temmuz 2008, 16:03
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