Statoil Fuel & Retail signs agreement for St1 stations in Poland
(Thomson Reuters ONE) -
13 December 2010 -- Statoil Fuel & Retail ASA (Ticker: SFR) announced today
that it has signed a preliminary purchase agreement with St1 Polska Sp. z o.o.
to acquire St1 fuel station network in Poland.
St1 Polska Sp. z o.o. is part of St1 group whose businesses include fuel retail
networks in Finland, Sweden, Norway and Poland.
"From the start, we have emphasised the growth potential in Central & Eastern
Europe. This acquisition will take us one step further in our efforts to advance
our growth ambitions in the Polish market," says Jørn Madsen, Executive Vice
President Central & Eastern Europe, Statoil Fuel & Retail.
Statoil Fuel & Retail has signed preliminary agreement with St1 for the
acquisition of the St1 fuel station network in Poland, which consists of 16
(sixteen) fuel stations in operation and 10 (ten) undeveloped properties. The
purchase will increase the local network of Statoil stations in Poland to 315
outlets, representing a five percent increase in the size of the network.
"The investment in Poland confirms our commitment to remain in the lead of
foreign fuel investors in the country and to effectively compete in the Polish
market," says Andrzej Magry?, Business Unit Leader for Statoil Fuel & Retail's
fully owned Polish subsidiary.
The acquisition of St1 fuel station network in Poland by Statoil Poland Sp. z
o.o, a fully owned subsidiary of Statoil Fuel & Retail ASA, is expected to be
completed during first quarter of 2011. The agreement is subject to the approval
of Polish competition authorities.
For more information please contact:
Investor relations:
Mitra Hagen Negård, Investor Relations, Statoil Fuel & Retail ASA, Tel:
+47 957 93 631
Corporate communications:
Karen Romer, Senior Vice President communications, Statoil Fuel & Retail ASA,
Tel : +47 950 74 950
About Statoil Fuel & Retail
Statoil Fuel & Retail is a leading Scandinavian road transportation fuel
retailer with over 100 years of operations in the region. We have a broad retail
network across Scandinavia, Poland, the Baltics, and Russia with approximately
2,300 fuel retail stations including full-service stations (fuel and
convenience), and automated/fuel only stations. More than 17,000 people
(including employees at Statoil branded franchise stations) work at our sites
across Europe and approximately 2,000 people work in our European and national
headquarters.
Statoil Fuel & Retail's other products include stationary energy, marine fuel,
aviation fuel, lubricants and chemicals. In Europe, we operate 12 key terminals,
approximately 400 road tankers and 50 depots in eight countries. We also deliver
aviation fuel at 85 airports in nine countries and produce and sell 750
different lubricant products.
* * *
END
This press release is subject to our disclaimer as described in the "terms &
conditions" section of our webpage, www.statoilfuelretail.com
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Statoil Fuel & Retail ASA via Thomson Reuters ONE
[HUG#1471657]
Unternehmensinformation / Kurzprofil:
Datum: 13.12.2010 - 14:16 Uhr
Sprache: Deutsch
News-ID 49646
Anzahl Zeichen: 3935
contact information:
Town:
OSLO
Kategorie:
Business News
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