Following the announcement on 19 June 2008, Hellenic Petroleum S.A. announces that, after obtaining all regulatory approvals, it acquired today a 100% stake in Opet Aygaz Bulgaria EAD (“OAB”), which operates a network of 17, newly-built petrol stations, located in/around major Bulgarian cities, where demand growth is strong.
Moreover, OAB owns 3 strategically located fuel depots (including one in Sofia) and several plots of land earmarked for petrol station development. In addition to its retail marketing activities, OAB enjoys a strong position in the local wholesale market for LPG due to its well-developed logistics network.