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“.
Leave a comment
or for anonymous commenting click here
By posting, you agree to terms
Read comments Read comments

Lithuania's budget gets EUR 4 mln of "nobody's money" after FNTT probes

4 million euros, officially recognized as having no owner, have been transferred to the state budget...

Lithuanian govt hopes papal visit will encourage religious tourism

Lithuania's government hopes the upcoming papal visit will encourage religious tourism in the country...

Lithuania ahead of Latvia, Poland, but behind Estonia on social progress index

The social environment in Lithuania is better than in Latvia and Poland, but worse than in Estonia,...

PM to invite European retailers to invest in Lithuania

Lithuanian Prime Minister Saulius Skvernelis says he plans to invite 12 European major retail chains...

Akmenė awaiting ground-shaking investment

Lithuania's northern district of Akmenė barely lags behind other cities in Šiauliai County in terms...