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.