Avellum has advised Ukrnafta on obtaining approval from the Antimonopoly Committee of Ukraine for the acquisition of Shell’s Ukrainian business – a network of petrol stations.
Ukrnafta is a Ukrainian oil producer.
Shell is an energy company known for its extensive network of petrol stations. It operates over 47,000 stations in more than 80 countries, serving more than 33 million retail customers daily. According to Avellum, in Ukraine, Shell operates a network of 118 active petrol stations, ranking among the top 10 networks by sales volume.
“The Supervisory Board of Ukrnafta approved the [transaction], as the acquisition of the business, managed for 15 years by a reputable international group, will provide Ukrnafta with an opportunity to expand its petrol station network and market share, which corresponds to the company’s development strategy," stated Ukrnafta CEO Serhii Koretskyi.
The Avellum team included Partner Mykyta Nota, Counsel Anton Arkhypov, and Associates Veronika Humeniuk and Yuliia Bulenok.
