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St1 Norge completes Statoil Fuel and Retail Marine acquisition

04 Dec 2018

St1 Norge AS, the marine fuels subsidiary of Helsinki-based fuels marketing, oil refining and renewable energy solutions company St1 Nordic Oy, on Monday says it has fully acquired Statoil Fuel & Retail Marine AS (SFR Marine).

Alimentation Couche-Tard in November 2017 decided to sell 100% of the shares in SFR Marine, says St1.

The conditions imposed by the Norwegian Competition Authority have been fulfilled and the sale has now been approved and the ownership of all the shares in SFR Marine have changed.

SFR Marine delivers fuel to the marine sector along the Norwegian coast. All SFR Marine’s employees will remain employed by the same legal entity as before the sale and the customer offer will not be changed due to the transaction. 

“We are glad that the process has now been completed, so we can focus on our new customers and strengthen our presence in the Norwegian market,” says Mika Wiljanen, CEO of St1 Norge AS. 

Related: Norway: St1 Norge to complete marine fuels acquisitions in Q4

Photo credit: St1
Published: 4 December, 2018


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