Shell’s Norwegian marketing company Smart Fuel AS will be transferred under the ownership of St1 Nordic Oy on October 1st 2015. Smart Fuel AS will be consolidated into St1 Nordic Oy at the same time and it will continue operating under its current name. The Norwegian competition authority has approved the acquisition earlier this year.
The acquisition will strengthen St1’s Nordic’s growth strategy, which is based on a strong station network in all countries in which it operates: Finland, Sweden and Norway.
St1 Nordic Oy
St1 Nordic focuses on fuels marketing activities in Finland, Sweden and Norway and on renewable energy solutions such as waste-based ethanol fuels and industrial wind power.
St1 Nordic’s annual turnover increased to almost 4 billion euros as the transfer of all fuels marketing business from St1 Group to St1 Nordic was completed in 2014. The sister group St1 Group now focuses on oil refining. www.st1.eu
Further information:
CEO Kim Wiio, St1 Nordic Oy, +358 1055 711
CEO Mika Wiljanen, Smart Fuel AS, St1 Oy, +358 1055711