SOCAR announces a new and significant initiative to support the agricultural and fishing sectors served by IP, offering a significant discount on the price of fuel for the agricultural and motorized fishing sectors. The discount will take effect starting Monday, October 5, for all customers in the two sectors already served by IP and
SOCAR: new contribution to support IP’s network Read More »
Following the completion of the acquisition of 99.82% of the share capital of Italiana Petroli (IP) from API Holding, SOCAR announces the appointment of Levan Davitashvili as CEO (Chief Executive Officer) of IP. In this capacity, Davitashvili will lead the operations of IP in Italy, with the focus of ensuring operational continuity, preserving and further
Levan Davitashvili appointed CEO (Chief Executive Officer) of Italiana Petroli Read More »
SOCAR today announces the completion of the acquisition of 99.82% of the shares of Italiana Petroli (IP) from API Holding. The transaction has been finalized following the receipt of all required regulatory approvals. With a history spanning more than 90 years, IP Group plays a significant role in Italy`s mobility and energy security, operating an
Completion of the acquisition of IP by SOCAR Read More »
SOCAR has signed an agreement to acquire 99.82% of the shares of italiana petroli (IP), one of the leading energy companies in Italy, from API Holding. The agreement follows a competitive M&A process, in which SOCAR has been engaged since Q4 2024.
API Holding and SOCAR sign agreement for the sale of the IP Group Read More »
A binding agreement has been signed to acquire all the activities and assets of Esso Italiana related to fuels and refining.Acquired the share in SARPOM Refinery in Trecate (Novara), the Engycalor Energia Calore company, and 12.5% of the joint venture Disma (Malpensa Airport depot).The closing of the operation is scheduled for mid 2023. Rome, December
IP acquires fuels and refining related asset of Esso Italiana. Read More »
Rome, June 14th 2022. IP announces to have entered today into a medium-term facility agreement of EUR 360 million with a six-year term, 70% of which is assisted by a guarantee issued by SACE in accordance with the provisions of the “Sostegni bis” Decree and the SACE protocol.
IP signs a financing agreement guaranteed by Sace Read More »
The api Groups’s IP distribution outlets and the pizza chain have signed an agreement that will see nine new outlets in IP service stations throughout Italy, with Parma being the first to open. The api Group is the leading private player in Italy in the fuel and transport services sector. With a network of 4,600
