"Ukrnafta is acquiring a 51% stake in the Shell gas station network in Ukraine."

PJSC "Ukrnafta", which is part of the Naftogaz Group, and the international company Shell have signed an agreement to acquire a 51% stake in LLC "Alliance Holding".

This was reported by the press service of "Ukrnafta".

The leading international investment banking advisor Rothschild & Co has assessed the transaction and the assets involved. The legal aspects are being handled by the prominent law firm Sayenko Kharenko, while KPMG is serving as the auditor.

In the coming days, "Ukrnafta", designated as the winner of the competitive process, along with Shell, will approach the Antimonopoly Committee for permission for concentration, which is a necessary prerequisite for finalizing the deal. Once this permission is granted, "Ukrnafta" will be able to fully complete the transaction and assume all rights and obligations of the shareholder.

"Ukrnafta will become the majority owner of a network of gas stations, which includes 118 operational filling stations, as well as other assets. The profits generated by "Alliance Holding" will be directed to the state budget in the form of dividends," noted Oleksiy Chernyshov, head of the Naftogaz Group.

Shell ranks among the top ten networks by sales volume in Ukraine, with 118 active gas stations, holding 9th place in fuel sales for the first nine months of 2024 and 7th place in the number of gas stations, most of which are located in high-traffic areas.

A rebranding of all gas stations is planned for the year. The terms of existing B2B contracts will be fully honored. The company will also retain its staff of 1,550 employees working at the gas stations and in the head office.

Background. Previously, Mind reported that "Ukrnafta" is acquiring a permit for the use of oil and gas fields in Prykarpattia for 6.5 million UAH.