LITASCO SA, the main shareholder in LUKOIL Neftochim Burgas AD, has not received offers for the sale of the refinery. Therefore, Litasco is not currently in negotiations on the matter. This was stated in an e-mailed statement on Wednesday by the Swiss-based company, whose majority stake is held by Russian energy giant Lukoil.
Litasco has not appointed any public or private organization to look for potential buyers or conduct sales negotiations on its behalf, the announcement also states.
LUKOIL Neftochim Burgas AD is a company located in an EU member state, which is owned by Litasco. According to European legislation on the protection of private property, as well as common business practices, any intention to purchase an asset belonging to another company must first be discussed between the counterparties involved and only then with the authorities of the country in which the relevant parties are located, Litasco added in a statement sent exclusively to Bloomberg.
On Tuesday, Prime Minister Nikolay Denkov told journalists that "interest in Lukoil Neftochim has been expressed for several months now from various parties".
/RY/
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