Lukoil exits Poland

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