St1 Oy’s purchase of distribution station network in Sweden and Norway finalised
Energy company St1 Oy signed on June 1st a contract to buy 198 unmanned stations in Sweden and Norway from StatoilHydro ASA. The transaction agreed in April has now been given the mandatory local regulatory approvals and final EU buyer approval.
Under this agreement, St1 purchased 158 fuel distribution stations in Sweden (118 Hydro/Uno-X stations and 40 JET stations) and 40 Jet fuel distribution stations in Norway.
With the new acquisitions, St1’s network in Sweden covers now the entire country, with 200 fuel distribution stations nationwide. The acquired distribution stations in Norway are located in the Oslo region. All the distribution stations will continue their operations as before. With the present transaction, St1’s market share in fuel sales will reach approximately 8% in Sweden and just under 5% in Norway.
Kim Wiio, St1 Oy, Managing Director
+ 358 44 5678964 firstname.lastname@example.org
St1 is a Finnish energy company whose vision is to be the leading producer and seller of CO2-aware energy. The company researches and develops economically viable, environmentally sustainable energy solutions. St1's energy services cover everything from energy consultancy to heat production solutions and from wind power to high-concentration bioethanol Refuel RE85 produced from biowaste. In total, St1 has 650 petrol stations in Finland, Sweden Norway and Poland. The St1 Group employs 170 people, and its turnover will be in excess of 1.2 billion Euros this year.
St1 stays true to its vision by turning waste into bioethanol with the help of the company's own dispersed Etanolix® production concept, which has won Finnish Chemical Industry Innovation Award, the national INNOFINLAND 2008 award patronised by the President of the Republic of Finland, and second place in the European Environmental Press Award 2008 contest.