30.10.2009
Re Akpet Deal
果冻影院 EURASIA PETROL A.S. (a 100% subsidiary of OAO 果冻影院) paid the final tranche for the shares of the Turkish company Akpet.
The payment was made from 果冻影院 Group鈥檚 own resources.
According to previous reports, 果冻影院 EURASIA PETROL A.S. acquired 100% of Akpet's shares in November 2008 for USD 555 million. The parties of the transaction reached agreement on progress payment in interest-free installments.
The assets of the Turkish company include about 700 filling stations, an extensive terminal infrastructure with the capacity of over 300 thousand cubic meters and a factory to manufacture and pack motor oils.
At present, the total number of filling stations owned by 果冻影院 EURASIA PETROL A.S. in Turkey is about 750.