St1 completed the purchase of the shares of Statoil Fuel and Retail Marine AS in Norway

St1 NORDIC COMPANY RELEASE, December 3rd, 2018 at 2PM EET

In November 2017 Alimentation Couche-Tard decided to sell 100% of the shares in Statoil Fuel & Retail Marine AS (“SFR Marine”) to St1 Norge AS, a subsidiary of St1 Nordic Oy. The conditions imposed by the Norwegian Competition Authority have been fulfilled and the sale has now been approved and the ownership of all the shares in SFR Marine have changed.

SFR Marine delivers fuel to the marine sector along the Norwegian coast. All SFR Marine’s employees will remain employed by the same legal entity as before the sale and the customer offer will not be changed due to the transaction.
  
The Norwegian Competition Authority imposed a condition to divest St1’s existing marine business in the Stavanger region, and it has been sold to Bunker Oil.

“We are glad that the process has now been completed, so we can focus on our new customers and strengthen our presence in the Norwegian market,” says Mika Wiljanen, CEO of St1 Norge AS. 

“The teams on both sides have done a great job in making this happen. We are confident that this transaction will ensure development of the marine business”, says Christoffer Sundby, Senior Vice President Norway in Circle K.

For further information, please contact:

Mika Wiljanen, CEO, St1 Norge AS, +358 40 1946 784, mika.wiljanen@st1.fi

Liisa Joenpolvi, Communications Manager St1 Nordic Oy, + 358 50 4110 025, liisa.joenpolvi@st1.fi

Pål Heldaas, Senior Director Communication, Circle K AS, +47 97 07 97 63, palhel@circlekeurope.com

St1 Nordic Oy is a Nordic energy group whose vision is to be the leading producer and seller of CO₂-aware energy. The Group researches and develops economically viable, environmentally sustainable energy solutions. St1 focuses on fuels marketing activities, oil refining and renewable energy solutions such as waste-based advanced ethanol fuels and industrial wind power. The Group has 1400 St1 and Shell branded retail stations in Finland, Sweden and Norway. Headquartered in Helsinki, St1 employs currently more than 750 people. www.st1.eu