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ID - Kazakhstan’s PetroRetail buys gas stations for $159 million - April 2019



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Kazakhstan gasoline retailer PetroRetail agreed to buy rival KMG-Retail LLP from Kazakhstan state-held KazMunayGas for ~$159 million (KZT60.5 billion). KMG Retail operates a chain of gas stations in Kazakhstan and is now a subsidiary of PetroRetail. The transaction was agreed in December and the parties involved signed a purchase and sale contract on Feb. 8. The effective date of the transaction was April 1 and the deal itself was announced the following day. Under terms of the agreement, KMG......
 
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