Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market
Exited Exit Completed
ISAB’s refining, gasification and electricity cogeneration plants, included in the petrochemical of Priolo Gargallo (Syracuse, Italy), represent one of the largest industrial sites in Europe and consist of three production sites interconnected each other through a system of pipelines. ISAB S.r.l. is last refinery built and started up in Italy.
Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market
Exited Exit CompletedPJSC LUKOIL informs that LITASCO S.A., a 100% subsidiary of the LUKOIL Group, and G.O.I. ENERGY S.r.l. closed the sale of ISAB S.r.l. G.O.I. ENERGY after fulfilling the deferral conditions, including obtaining the necessary approvals from the Italian authorities.
Continued processing Russian oil. Lukoil is close to completing a deal to sell the Isab refinery in Sicily for $1.58 billion. Italian officials are still concerned about some aspects of the transaction. And one senior Italian energy official said he was concerned that "a group of unknown investors running a newly created company from Cyprus could acquire an asset that Rome considers a "strategic". 11.04.2023: Italy gave conditional approval to the sale of the Lukoil-owned refinery (LKOH.MM) in Sicily to Cypriot private equity firm G.O.I. Energy.