In the coming days, Ukrnafta, which has been selected as the winner of the competitive process, will join Shell in applying to the Antimonopoly Committee for merger clearance, a prerequisite for completing the transaction. Following approval, the company will be able to complete the transaction and assume all shareholder rights and obligations.
Naftogaz Group has not only adapted to the conditions of war but is also becoming stronger. We remain flexible and are not afraid to make decisions that will allow the state to generate revenue. Ukrnafta will become the majority owner of a network of filling stations, which includes 118 operating stations and other assets. This will ultimately generate additional financial revenue for Naftogaz Group and contribute to an increase in contributions to the state budget,” said Oleksiy Chernyshov, CEO of Naftogaz Group.
Shell ranks among the top 10 networks in Ukraine in terms of sales, with 118 operating filling stations. It was ranked No. 9 for fuel sales in the first half of 2023 and No. 7 for the number of stations, most of which are located in high-traffic areas.
The Supervisory Board of Ukrnafta approved this acquisition because it aligns with the company's development strategy. The business, led by a reputable international group for 15 years, will expand Ukrnafta’s network of filling stations and increase its market share,” said Sergii Koretskyi, CEO of Ukrnafta.
All filling stations will be rebranded over the course of the year. Existing B2B contracts will be fully honored, and the company will retain its staff, including 1,550 employees working at the filling stations and the head office.
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