JSC Ukrnafta, as part of the Naftogaz group, and Shell Overseas Investments BV have finalized the deal for the Ukrainian state-owned company to acquire a 51% stake in LLC Alliance Holding, which owns a network of filling stations under the Shell brand in Ukraine: 118 filling stations, as well as other property.
This is announced in a statement by Ukrnafta, Ukrainian News Agency reports.
The statement states that 49% of the enterprise belongs to the State Property Fund of Ukraine, that is, the state is currently the ultimate owner of 100% of LLC Alliance Holding and will receive profit through the distribution of dividends.
Acting Director of JSC Ukrnafta Yurii Tkachuk reported that in total, along with Shell filling stations, 663 filling stations under the UKRNAFTA brand will be put into operation during the year.
It is noted that this expansion consolidates the course set by the company's strategy for stable growth and strengthening of its market position.
Rebranding of gas stations is ongoing, and some of the new gas stations are already operating under the updated brand.
As Ukrainian News Agency earlier reported, JSC Ukrnafta paid UAH 5 billion in dividends to the state budget for 2024.
In 2024, Ukrnafta increased oil production by 0.6% to 1.418 million tons compared to 2023 (2023 - 1.410 million tons).
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