Tatneft buys Neste's fuel retail business in Russia
MOSCOW. Oct 31 (Interfax) - Tatneft and Neste have closed a deal on the former's purchase of Neste's entire fuel retail business in Russia, Neste said in a statement.
The deal was closed on October 31.
Tatneft is buying Neste's 75 filling stations and a terminal in St. Petersburg. In accordance with a separate agreement between the companies, after the conclusion of the deal, the retail sales network will continue operating under the Neste brand for up to five years. The companies have agreed not to disclose the value of the deal.