Turkish oil retailer Alpet sells out Albanian assets.

By bne IntelliNews May 7, 2012
Turkish company Alpet, which is a leading oil retailer in Albania, has sold its 70% stake in the local subsidiary to its Albanian partner Apostol Goci, news portal Shqiptarja.com reported. The total cost of the deal is estimated at USD 27mn. The company will continue to operate under the Alpet brand. Alpet Albania generated EUR 75mn in revenues in 2010, which ranked it as the fourth largest company in the sector after Europetrol, Kastrati and Taci Oil.

Related Articles

Albania calls tender for supervision of sewerage project.

Albania has called a tender to select a company to supervise the construction and supplies for a sewerage system and waste water treatment plant in Velipoja area, the European Commission informed ... more

Albania's govt approves changes in concession agreement for Devoll project.

The Albanian government has approved changes in the concessionary agreement for the Devoll Hydropower cascade, which formally enables Austrian EVN to exit from the project, the cabinets press ... more

Albanian parliament panel endorses EUR 12.7mn EBRD loan for dam safety project.

The economy and finance committee of Albanias Parliament has approved a EUR 12.7mn loan from the European Bank for Reconstruction and Development (EBRD) to be used to fund a project for upgrading ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss