Hellenic Completes Acquisition In Bulgaria
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Friday, 07 November 2008 |
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Hellenic Petroleum S.A. has announced the completion of all
regulatory approvals for the Opet Aygaz fuel distribution.
Hellenic has acquired a 100% stake in Opet Aygaz Bulgaria EAD
("OAB"), which operates a network of 17, newly built petrol stations,
located in/around major Bulgarian cities, where demand growth is strong.
Moreover, OAB owns 3 strategically located fuel depots (including one
in Sofia) and several plots of land earmarked for petrol station
development. In addition to its retail marketing activities, OAB enjoys
a strong position in the local wholesale market for LPG due to its
well-developed logistics network.
Founded in 1998, Hellenic Petroleum is one of leading energy groups in
South East Europe, with activities spanning over 10 countries in the
region and across the energy value chain. In 2007, group net earnings
amounted to EUR351 million, on total revenues of €8.8 billion.
PetrolWorld 041108
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