The Antimonopoly Committee has approved "Ukrnafta" to acquire the Shell gas station network.

On January 23, 2025, the Antimonopoly Committee of Ukraine (AMCU) approved "Ukrnafta" to acquire the Shell gas station network (LLC "Alliance Holding"). Previously, "Ukrnafta" planned to purchase a 51% stake in LLC "Alliance Holding".

This was reported by the Antimonopoly Committee.

"The permission has been granted to JSC 'Ukrnafta' for the acquisition of a stake in the charter capital of LLC 'Alliance Holding', which ensures more than 50 percent of votes in the supreme governing body of the company," the announcement stated.

At the same time, the remaining 49% belong to the state represented by the State Property Fund of Ukraine (SPFU) following a court seizure as part of sanctions against the Russian citizen Eduard Khudainatov. They will remain with the State Property Fund until privatization.

The Shell gas station network consists of 118 stations in Ukraine. After the deal is finalized, "Ukrnafta" will have over 660 gas stations, enhancing its status as the largest network in Ukraine.

As stated in a Mind article, experts estimate the deal's value for "Ukrnafta" at $30-50 million. To settle with Shell, "Ukrnafta" is relying on a bank loan, despite the significant profitability of its traditional business in hydrocarbon extraction and fuel trading.

Background. Earlier, Mind explored what will happen with Shell in Ukraine after the acquisition of 118 gas stations by "Ukrnafta", the terms of the deal, and who stands to benefit from it.