Ukrnafta buys Shell filling stations network: The AMCU approved the deal
24 January 06:18
On January 23, 2025, the Antimonopoly Committee of Ukraine granted PJSC Ukrnafta permission to acquire a 51% stake in Alliance Holding LLC (owns a network of filling stations under the Shell brand in Ukraine), which belongs to the international company Shell. This was reported by Ukrnafta, Komersant ukrainskyi informs
“Ukrnafta will become the majority owner of the network of filling stations, which includes 118 operating filling stations and other property.
“This will allow the state-owned enterprise to strengthen its position in the market to reliably meet the needs of the society and the Ukrainian Defense Forces,” said Sergiy Koretsky, CEO of Ukrnafta.
“Ukrnafta officially acquired its Ukrainian filling stations from Shell in November 2024. The State Property Fund retains the remaining 49% in the network
It should be noted that Ukrnafta’s supervisory board approved the deal to acquire a controlling stake in the company that operated the Shell filling station chain back in November 2024, announcing that it was applying to the AMCU for the relevant permit.
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The state-owned company stated that it plans to rebrand all its filling stations within a year. Ukrnafta was also assured that it will retain all the staff of the network in the amount of 1,550 employees at the filling stations and the head office.
We would like to add that the Shell filling station network is among the top 10 in terms of sales in Ukraine. It has 118 operating filling stations, mostly in favorable areas with heavy traffic.
For 9 months of 2024, it ranked ninth in terms of fuel sales and seventh in terms of the number of filling stations.
“In 2024, Ukrnafta increased gas production by 6.5% to 1.170 bcm compared to 1.097 bcm.
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For reference
“Ukrnafta is Ukraine’s largest oil producer and operator of the national network of filling stations.
“Ukrnafta holds 92 special permits for commercial development of fields. It has 1832 oil and 154 gas production wells on its balance sheet.
Ukrnafta’s largest shareholder is Naftogaz of Ukraine with a 50% stake in 1 share.
It should be noted that Ukrnafta and Ukrtatnafta were previously owned by Ihor Kolomoisky and Gennadiy Boholyubov.
In November 2022, Ukrnafta came under the control of the Ministry of Defense along with four other strategic enterprises of Ukraine: Ukrtatnafta, AvtoKrAZ, Motor Sich, and Zaporizhtransformator.
Ihor Kolomoisky believes that Ukrnafta was taken away from him illegally and filed a criminal complaint with the NABU.