Petrolina's Acquisition of ExxonMobil Cyprus
November 28, 2024
Petrolina has acquired ExxonMobil Cyprus, purchasing the 68 service stations for €48.6 million. The acquisition is expected to create positive prospects and synergies for Petrolina in the Cypriot petroleum market. The agreement includes a 10% upfront payment, with the remainder due upon completion of the transaction. The acquisition will be funded through bank financing.