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Helleniq Energy expands Cyprus footprint with Staroil acquisition

Helleniq Energy announces that an agreement has been signed for the acquisition of the Cypriot oil products and fuel trading company Staroil (Cyprus) Ltd by its subsidiary, Helleniq Energy Cyprus Holdings Ltd.

The completion of the transaction is subject to approval by the Cyprus Commission for the Protection of Competition (CPC).

The agreement represents another significant step in Helleniq Energy’s long-standing presence and growth in Cyprus, and confirms the Group’s confidence in the prospects of the Cypriot market.