Moscow Times 31 October 2012
AFK Sistema has signed a non-binding agreement to buy 100 percent in Argos Group, the largest independent group in the Western European downstream oil market.
“The contemplated transaction is subject to completion of due diligence and the execution of legally binding transaction documents, corporate approval by Sistema, and clearance from the European Commission pursuant to Council Regulation No. 139/2004, as well as the possible clearance from competition authorities in other countries in which Sistema is active,” Sistema said in a press release Wednesday, as cited by Interfax.