A special governmental commission tasked with checking potential investors against national security interests says it has no objections to the takeover of Lukoil’s chain of petrol stations in Lithuania by Austria’s AMIC Energy Management.
Lukoil petrol station
© DELFI / Kiril Čachovskij

“The commission received a request from a law firm representing the buyer, a company from Austria. We requested and received information from institutions and made a decision that the investor complies with the national security criteria,” Alminas Mačiulis, government chancellor and the chair of the commission, told BNS.

The commission also received information about the shareholders of AMIC Energy Management, he said, refusing to make any comments or disclose any details.

The deal still needs clearance from the Lithuanian Competition Council, which has yet to receive a respective application.

Russia’s oil group Lukoil announced early in February that it had signed a deal to sell around 230 petrol stations in Lithuania, Latvia and Poland to Austria-registered AMIC Energy Management. As part of the deal, the fuel retail chains in Lithuania and Latvia will be operated by companies related to Ivan Paleichik, CEO of Lukoil Baltija.

In 2014, AMIC Energy purchased 240 petrol stations and six petroleum tank farms in Ukraine from Lukoil in a deal worth US$ 300.

BNS
It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.

Ignitis Group plans to delist its subsidiaries from Nasdaq Vilnius

Lithuania's state-owned energy group Ignitis Grupe (former Lietuvos Energija ) is planning to...

Norwegians press exporters to cut prices amid weakening krone

The weakening of Norway 's krone against the euro has not yet hit Lithuanian exports to the...

Lithuanian Post's board refuse to stay on after ministry orders halt to sale of buildings

Independent members of the management board of Lietuvos Pastas ( Lithuanian Post ) have refused to...

Lithuanian gears up for reconstruction of Via Baltica's section until Polish border

Lithuania's Road Administration is getting ready for the 300 million euro worth reconstruction of...

SAI Global to open Centre of Excellence in Vilnius

A multinational leading provider of integrated risk management solutions, assurance and property...