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21

TNK-BP acquires the Ukrainian Vikoil group

TNK-BP announces completion of a deal to acquire 100% 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.

 

TNK-BP announces completion of a deal to acquire 100% 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 amount totaled approximately $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 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. 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.

Source : TNK-BP