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AFX UK (Focus): Shell and OJSC Alliance establish fuel retail joint venture in Ukraine

Published: Aug 22, 2007

AMSTERDAM (Thomson Financial) – Royal Dutch Shell said it has established a joint venture with the OJSC Alliance Group to operate about 150 Shell-branded retail sites in Ukraine.

Shell and Alliance said in March they intend to set up a joint venture and formal approval from the Ukraine government was the final step for completion of the deal.

The joint venture officially started operations yesterday, Shell said.

Shell has operational control with a 51 pct share and Alliance a 49 pct stake.

No financial details of the deal have been disclosed.

Aaron Gray-Block; [email protected] agb/slm COPYRIGHT Copyright AFX News Limited 2007. All rights reserved.

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