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LUKOIL used the iDeals™ Virtual Data Room in the sale of 138 filling stations

September 12, 2014

OJSC LUKOIL has signed agreements with the Hungarian companies MOL Plc. and Norm Benzinkut Kft to sell them 138 filling stations in the Czech Republic, Slovakia, and Hungary. The iDeals™ Virtual Data Room was used for the secure exchange of documents related to the agreement.

Pursuant to the signed agreement, Slovnaft Ceska Republica (a subsidiary of MOL Plc.) will acquire a network of 44 LUKOIL filling stations located in the Czech Republic. Norm Benzinkut will buy 75 LUKOIL filling stations in Hungary and 19 LUKOIL filling stations in Slovakia. The total amount of the agreement has not been made public. The decision to sell the assets was made as part of the effort to optimize LUKOIL’s business in petroleum-products marketing.

iDeals™ Solutions has been a provider of secure document management services to the investment, legal and life sciences sectors since 2008. Our flagship product is iDeals™ VDR, a next-generation application that is utilized by companies and leading advisors in over 30 countries around the world.

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