Motor Oil buys Lukoil Cyprus Ltd network in Cyprus

Motor Oil Hellas announced the completion of a transaction to buy Lukoil Cyprus Ltd’s retail fuel network in Cyprus.

The company operates a network of 31 petrol stations in Cyprus. Under the terms of the agreement, Coral SA (an 100 pct subsidiary of Motor Oil Hellas) purchased Lukoil Cyprus Ltd’s shares (owned by Lukoil Europe Holdings BV based in Amsterdam, Holland).