Statoil sells petrol stations
The most visible Norwegian trade-mark in the streets of Murmansk will no longer be Norwegian.
Both the Statoil name and the logo will change as Canadians take over.
“A taste of Norway” is the slang among locals in Murmansk that frequently visit the Statoil fuel and retails stations. There are today 23 full-service Statoil stations on the Kola Peninsula, in St. Petersburg, Leningrad and Pskov oblasts. Another seven will open around St. Petersburg.
The first Statoil station in Russia opened on Kolski Prospekt in Murmansk back in 1993.
Statoil Fuel and Retail now announces an agreement with Canadian based Couche-Tard to offer 100 percent of the shares of the company. The offer values the total share capital of Statoil Fuel and Retain at NOK 15,9 billion (€2,11 billion).
Canadian Couche-Tard is the leader in the convenience store industry in north-America. The network has more than 5,800 stores of which the majority sells petrol.
Statoil Fuel and Retail has 2,300 petrol stations in northern Europe, including Russia.
With the takeover, the name Statoil Fuel and Retail can be used until no later than 2019. If not before, the name and logo must then be changed.