Łukoil exits Poland

Łukoil Europe Holdings, included in Łukoil, has sold 230 gas stations located in Poland to Austrian AMIC Energy Management. Besides business in Poland, it also sold stations in Lithuania and Latvia. The parties have not revealed the value of the transaction.Łukoil decided to get rid of the stations due to "the program of optimization of its retail asset structure in Europe," the company said. Completion is expected to take place in the second quarter of this year, after the anti-monopoly watchdogs approve the transaction. Last year, Łukoil sold its gas stations in Estonia.