OREANDA-NEWS. The JSC LUKOIL Press Service announces that the company and VETEK Group have signed an agreement on the purchase and sale of the public joint-stock company PAO LUKOIL – Odessa Refinery.

As a result of the transaction, VETEK Group will acquire 99.6 % of the refinery’s stock. The deal is expected to be closed before the 1st of June 2013, after the parties fulfill a number of conditions precedent.

The decision to sell was taken by LUKOIL within an approved plan of international refining assets restructuring.