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.

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