SOCAR to acquire Italiana Petroli from API Holding.

SOCAR, a global energy company, agreed to acquire Italiana Petroli, an Italian energy company, from API Holding, a holding company of the Brachetti Peretti family. Financial terms were not disclosed. “The acquisition of Italiana Petroli is an important step in our international diversification strategy. It reflects our long-term commitment to developing a competitive, innovative, and responsible business that contributes to Europe’s energy security and further deepens the partnership between Azerbaijan and Italy,” Rovshan Najaf, SOCAR President.