Nationalized 49% of the Shell filling station network to be auctioned – SPFU announces sale
7 November 2024 14:53
The State Property Fund has become the owner of 49% of the authorized capital of Alliance Holding LLC, which operates a network of Shell gas stations. This was reported by "Komersant Ukrainian" with reference to the SPFU.
“At the end of October 2024, the State Property Fund officially became the owner of 49% of the authorized capital of Alliance Holding LLC, which operates a network of Shell gas stations in Ukraine,” the statement said.
According to the decision of the High Anti-Corruption Court, this share was collected as state revenue. Previously, it belonged to Russian Eduard Khudaynatov, who was sanctioned after the start of Russia’s full-scale war against Ukraine.
The SPFU is now preparing to put the nationalized 49% of the Shell gas station network in Ukraine up for privatization. The auction will be held in the electronic system Prozorro.Sale.
“All funds received as a result of the sale of nationalized (sanctioned) assets will be credited to the State Budget of Ukraine and directed to the fund for liquidation of the consequences of armed aggression,” the SPFU said.
For reference
Shell’s network of filling stations in Ukraine includes 131 stations. It was founded in 2008 by Shell (51%) and Alliance Oil Ukraine (49%). Shell managed the network, while Alliance Oil Ukraine supplied petroleum products to the filling stations.
Eduard Khudainatov is a former top manager of the Russian state-owned company Rosneft.
