NK Lukoil OAO Buys OMV AG's Lubricants Business-Interfax

Friday, 28 Jun 2013 04:46am EDT 

Interfax reported that NK Lukoil OAO (Lukoil) has purchased Austrian company OMV AG's lubricants business. The Russian oil producer will take over the lubricants business in nine European countries, a blending plant in Austria and the 'Bixxol' brand name. The sale is expected to be closed at the end of 2013 following approval by the competition authorities. Both companies have agreed not to disclose the purchase price. 

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