Glusco Energy S.A acquires Lysychansk Naftoproduct

Glusco Energy S.A acquires Lysychansk Naftoproduct

The Swiss trader bought 100% shares of Rosneft Management Company Limited registered in Cyprus gaining indirect control over the petroleum base in Lysychansk of Ukraine

Swiss Glusco Energy S.A purchased 100% shares of Rosneft Management Company Limited registered in Cyprus and obtained 86.5% of the ordinary shares of Lysychansk Naftoproduct accounting to 99.4% of the voting shares.

Lysychansk oil investment company affiliated with Rossneft did not participate in the arrangement of the deal.

The Lysychansk Naftoproduct’s oil storage facility is located near Lysychansk Refinery Plant. The territory of the refinery is more than 14 hectares. The capacity of its tank farm is about 14 thousand cubic meters. The company specializes in the wholesale trade of solid, liquid, gaseous fuels and similar products.

To remind, Rosneft purchased 100% shares of Rosneft Management Company on 21 December, 2017.

The Swiss company Glusco Energy is an international trader, founded in 2009, and Glusco Ukraine operates as its subsidiary in Ukraine.

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