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Austrian AMIC Energy Management acquires LUKOIL´s fuel retail businesses in Latvia

12. April 2016

AMIC Energy together with Latvian AS VIADA Baltija and Lithuanian UAB Luktarna have reached an agreement with LUKOIL Europe Holdings BV regarding the acquisition and the subsequent operation of fuel retail networks of around 230 stations in Latvia, Lithuania and Poland owned by UAB LUKOIL BALTIJA (Lithuania), SIA LUKoil Baltija R (Latvia) and LUKOIL POLSKA SP. Z O.O. (Poland).

AMIC Energy Management focuses on managing energy projects in Central and Eastern Europe, being an independent private equity and corporate finance & strategic advisory firm. “This acquisition is a further significant step to build up AMIC Energy’s fuel retail business in Central and Eastern Europe. Strategic partnership with VIADA and Luktarna creates a competitive operating platform in the Baltic markets and brings in a valuable local expertise and a strong management team.” said Günter Maier, Managing Director of AMIC Energy. The fuel retail networks in Latvia and Lithuania will continue to operate under the “LUKOIL” brand for a period of up to 5-years under a trademark license agreement.

Source AMIC Energy Management

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