erpecnews

tNK-bP acquired ukrainian retail network “vik oil”
TNK-BP announces completion of a deal
to acquire 100 percent of “Vik Oil” group
of companies in Ukraine. “Vik Oil” owns
118 fuel stations in thirteen Ukrainian
regions, as well as 8 oil depots, 49 petrol
tankers and 122 land plots in various
stages of development. The deal totaled
approximately US $ 313 million including
the price of shares and debt securities of
the “Vik Oil” group, as well as the cost
of working capital (including oil product
inventory) and a number of auxiliary assets
which became part of the deal in the
exxonMobil esso testing new operating mode in France
Esso SAF is trialling dealer-owned or operated
service stations in the western Atlantic region
of France in the forthcoming months. If this
pilot project proves successful, it will affect
78 service stations in the region, but not its
motorway stations. This is likely to be connected
Sonangol could increase stake in Galp
Angola’s national oil company Sonangol
should bolster its stake in Portugal’s Galp
Energia as part of its strategy to expand
its business abroad, Angola’s Oil Minister
was cited as saying last month. Angolan
weekly newspaper O Pais quoted Jose
Botelho de Vasconcelos as saying Sonangol,
Galp and Brazil’s Petrobras were in
talks to create a “strong partnership” to
develop both upstream and downstream
projects. Asked whether he thought Sonangol
would succeed in increasing its stake
in Galp, Botelho de Vasconcelos replied:
acquisition of retail & Forecourt Solutions by brulines
Brulines Group plc, a leading provider of real
time monitoring systems and data management
services for the leisure and forecourt
services sectors, is pleased to announce that
it has agreed to acquire Retail & Forecourt
Solutions Ltd a UK market leader in fuel
pump calibration, adjustment and legal
verification, and also a leading provider of
forecourt audit and compliance services.
RFS was established in 1995 by Managing
Director and Majority Shareholder Michael
Hollier following a senior management career
in the motorway services forecourt industry.
On completion, Francis Hollier, currently
RFS Technical Director, will assume the
role of Managing Director of RFS, reporting
to Phil Maud, Managing Director of
Brulines’ Forecourt Service Division, whilst
course of its realization. The deal received
the approval of the Ukrainian Antimonopoly
Committee. “For the ten years of its operation
in the Ukrainian market TNK-BP has
consistently invested in the development of
its retail network. The acquisition of the
“Vik Oil” group is a landmark event for our
company and the deal is in line with the
strategy for expansion of our business in
Ukraine. We can state today that TNK-
BP is present in nearly all the regions of
Ukraine”, said German Khan, Executive
Director of TNK-BP.
with the company’s intention to move towards
a dealer-owned or dealer-operated distribution
model. To date, Esso SAF has not decided to
extend this test to the rest of its network of
service stations in France but confirmed it
intends to maintain its network.
“I think so as there are advantages for everyone
involved.” Sonangol owns a 45 percent
stake in Portugal’s Amorim Energia, which
in turn holds 33 percent of Galp. The head
of Sonangol, Manuel Vicente, said in February
there was a possibility that Sonangol
could bolster its stake in Galp. Italy’s Eni
has said that it would sell its 33 percent
stake in Galp if it fails to gain control
of the Portuguese company. There have
been reports in the Portuguese media on
Petrobras and Sonangol’s growing interest
in Eni’s stake in Galp.
Michael Hollier will act as a consultant
to RFS. Brulines’ forecourt strategy aims
to deliver a market leading, integrated
toolbox of data management, analysis and
associated products and services that allow
forecourt operators to optimise return on
investment from their fuel stocks and the
assets designed to store, control and issue
fuel. This strategy has seen the acquisition
of Edensure, a wet stock management business,
in October 2008, the appointment of
Maud as Managing Director of the Forecourt
Division in September 2009 from Morrisons
Supermarkets, where he had previously been
Director of Petrol Forecourts for eight years,
and the acquisition of ELS Ltd the gauging
systems, tank lining, LPG and forecourt
services business in April 2010.
LateSt NewS, eveNtS, JobS oNLINe – www.PetroLPLaza.CoM
NewS – euroPe
3