Lukoil buys OMV’s European lube business

A wholly owned subsidiary of Lukoil has bought a 35,000-tonne/year lubricant blending plant near Vienna and related assets from OMV.

The companies didn’t disclose the price.

The Lukoil unit, LLC-International, also acquired distribution units in nine European cities and the BIXXOL brand name.

The transaction doesn’t affect the lube business of OMV’s Turkish subsidiary Petrol Ofisi.

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