Ukrnafta to acquire a 51% stake in the fuel retail business in Ukraine from Shell.

Ukrnafta, an oil company in Ukraine, agreed to acquire a 51% stake in the fuel retail business in Ukraine from Shell, an oil and gas company. Financial terms were not disclosed. "The Supervisory Board of Ukrnafta approved the resolution, as the acquisition of the business, managed for 15 years by a reputable international group, will provide Ukrnafta an opportunity to expand its gas-station network and market share, which corresponds to the Company's development strategy," Sergii Koretskyi, Ukrnafta CEO.