Avellum secures unconditional merger clearance for Ukrnafta-Shell transaction

AVELLUM advised Ukrnafta, the country’s leading oil producer, on obtaining approval of the Antimonopoly Committee of Ukraine for the acquisition of Shell’s Ukrainian business – a network of petrol stations.

Shell is a major global energy company known for its extensive network of petrol stations. It operates over 47,000 stations in more than 80 countries, serving more than 33 million retail customers daily. In Ukraine, Shell operates a network of 118 active petrol stations, ranking among the top 10 networks by sales volume.

“The Supervisory Board of Ukrnafta approved the [transaction], as the acquisition of the business, managed for 15 years by a reputable international group, will provide Ukrnafta with an opportunity to expand its petrol station network and market share, which corresponds to the company’s development strategy”, Serhii Koretskyi, CEO of Ukrnafta, states.

“We are deeply honoured to serve as Ukrnafta’s trusted legal adviser in this strategic transaction. By supporting the key stakeholder in Ukraine’s energy sector, we are proud to contribute to the nation’s energy security, economic resilience and enhanced customers’ welfare”, says Mykyta Nota, partner at AVELLUM.

AVELLUM’s team was led by partner and head of Competition practice Mykyta Nota, with significant support from counsel Anton Arkhypov and associates Veronika Humeniuk and Yuliia Bulenok.