Lukoil will buy a network of gas stations in Russia and a plant in Torzhok from Shell

Lukoil is buying the Russian assets of the British-Dutch Shell, including 411 gas stations, as well as a lubricants production plant in the Tver region. The transaction will be completed after FAS approval, its amount was not disclosed.

“Lukoil announces the signing of an agreement with Shell subsidiaries on the acquisition of a 100% stake in Shell Oil LLC, which is engaged in the retail sale of petroleum products and the production of lubricants in Russia,” the Russian company said in a . statement It is noted that the acquisition of "Shell's high-quality business in Russia is fully consistent with Lukoil's strategy to develop priority distribution channels."

More than 350 employees of the gas station and the plant will maintain labor relations with the new owner. “Our key priority is the well-being of our employees,” Lukoil stressed.

Previously, Forbes reported that staff retention was a must for Shell in the sale of assets. The plant for the production of lubricants was sold as a load for gas stations, it has loans for 9 billion rubles, the publication noted.