In January 2016, St1 Nordic Oy signed an agreement to sell the shares of St1 Norge Automat AS (form. St1 Norge AS) to Blue Energy Holding AS, a 100% owned subsidiary of AS Green Cube Innovation. The authorities have now approved the transaction. The sale follows the Norwegian Competition Authorities’ decision related to St1 Nordic Oy’s acquisition of Smart Fuel AS (now St1 Norge AS) in Norway in 2015.
St1 Norge Automat AS consists of 39 unmanned St1-branded filling stations. The buyer has the right to use St1 brand at the stations for a period of 18 months.
St1 Nordic Oy, Kim Wiio, CEO, +358 10 557 11
St1 is a Nordic energy group whose vision is to be the leading producer and seller of CO2-aware energy. The company researches and develops economically viable, environmentally sustainable energy solutions. St1 consists of two sister groups: St1 Nordic focuses on fuels marketing activities in Finland, Sweden and Norway and on renewable energy solutions such as waste-based advanced ethanol fuels and industrial wind power. Company has 1400 St1 and Shell branded retail stations in Finland, Sweden and Norway. The sister group St1 Group focuses on oil refining. Headquartered in Helsinki, the company employs currently 700 people in Finland, Sweden and Norway. St1 Group is planned to merge into St1 Nordic in 31 December 2017. www.st1.eu