Announced
Financials
Tags
Single Bidder
Pending
Friendly
Majority
Domestic
retail
Russian Federation
Acquisition
lubricants
Oil: Crude Producers
Private
Synopsis
Lukoil, a Russian multinational energy corporation, agreed to acquire retail and lubricants business of Shell, a publicly traded multinational oil and gas company. Financial terms are not disclosed. "The acquisition of Shell's high-quality businesses in Russia fits well into Lukoil's strategy to develop its priority sales channels, including retail, as well as the lubricants business," Maxim Donde, Lukoil Vice President.
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