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Finnish Neste sells its gas stations chain in Russia to Tatneft

The deal is expected to be closed by 2019 year-end

© Alexandr Demyanchuk/TASS

MOSCOW, July 5. /TASS/. The Finnish Neste negotiated sale of its chain of 75 retail sites and a terminal in St. Petersburg to Tatneft, the Russian oil producer said on Friday.

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"Neste signed an agreement on sale of its retail fuel business consisting of 75 retail sites and a terminal in St. Petersburg to Tatneft," the Russian company said.

The transaction price is not disclosed. The deal is expected to be closed by 2019 year-end after the approval by the Russian antimonopoly regulator.

The retail chain of Tatneft comprises more than 600 retail sites and is among the top five refueling chains in Russia.

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