PJSC Ukrnafta has successfully acquired a 51% stake in LLC Alliance Holding from Shell Overseas Investments B.V. Alliance Holding operates the Shell-branded network of 118 active filling stations across Ukraine. The deal, signed in November 2024, received a regulatory approval from the Antimonopoly Committee of Ukraine.
“The Supervisory Board of Ukrnafta approved the resolution, as the acquisition of the business, managed for 15 years by a reputable international group, will provide Ukrnafta an opportunity to expand its gas-station network and market share, which corresponds to the Company’s development strategy,” Sergii Koretskyi, CEO of PJSC “Ukrnafta” stated.
The transaction represents one of the most significant developments in Ukraine’s fuel retail sector in the recent years. It signals renewed interest in strategic investment and consolidation within the energy market, as state-owned enterprises move to strengthen national supply infrastructure.
This transaction highlights FinPoint’s track record of advising on landmark cross-border transactions in sectors critical to Ukraine’s national security and economic resilience. The transaction is another milestone in 16 years of FinPoint and Rothschild & Co cooperation, focused on jointly serving Ukraine’s public sector corporations.
FinPoint and Rothschild & Co (London office) acted as exclusive financial advisers to PJSC Ukrnafta. FinPoint was represented by Oleg Kovtun, Yurii Filipovych, and Ivan Tkachenko.
About Alliance Holding
Alliance Holding operates 118 filling stations under the Shell brand in Ukraine. In 2024, it ranked 11th in fuel sales and 7th by number of stations, most of which are located in prime high-traffic locations.
About Ukrnafta
Ukrnafta is Ukraine’s largest oil&gas company. The company accounts for over 65% of Ukraine’s crude oil and condensate production and a significant share of natural and associated gas output. It operates six upstream divisions, three gas processing plants, and a nationwide network of more than 500 filling stations. In 2024, Ukrnafta had $2.6bn in sales and $0.4bn in profit.
About Shell
Shell is a global group of energy companies operating in over 70 countries. Its activities range from oil&gas exploration and production to the marketing of fuels and lubricants, as well as offering low-carbon energy solutions. In 2024, the company had $284 billion in sales, $16.5 billion in profit, and served 33 million customers daily.