LUKoil to pay $ 400 mm for ConocoPhillips’ European gas stations
Feb 21, 2007 01:00 AM
The chief executive of the country's biggest oil producer said LUKoil was paying more than $ 400 mm for US partner
ConocoPhillips' filling station network in Eastern and Northern Europe.
LUKoil CEO Vagit Alekperov's comments were the first indication of how much LUKoil is paying for the 376 gas stations
in the Jet network -- which includes 156 stations in Belgium, 49 in Finland, 44 in the Czech Republic, 30 in Hungary,
83 in Poland and 14 in the Slovak Republic.
The deal is still awaiting regulatory approval from the European Union.
Houston-based ConocoPhillips holds close to 20 % in LUKoil.
Source: The Moscow Times
