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Athens News Agency: News in English, 11-07-14
CONTENTS
[01] ELPE witdraws from Georgia
[01] ELPE witdraws from Georgia
ANA-MPA/The Hellenic Petroleum company (ELPE) on Wednesday night
announced its withdrawal from the market of Georgia implementing, as it
said, "the strategy on focusing on geographical regions with strategic
competitive advantages and markets in which the maximisation of benefit
from the existing refining infrastructure of ELPE is feasible."ana-mpa
ELPE sold its subsidiary, the Hellenic Petroleum Georgia (Holdings)
Limited, holder of 100 percent of the partner shares of the Georgian
company EKO Georgia Ltd, to the company Energy Solutions Investments
Inc (participation company, with activity in the energy market of
Eastern Europe) for 6.6 million euros.
EKO Georgia began its commercial operation in 1995 and currently
possesses a network of 20 outlets through which retail and wholesale
sales take place for big partner customers.
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