The Greek Deal.com
MOTOR OIL GROUP
Automotive Solutions is becoming a lottery ticket
Motor Oil's Automotive Solutions, the electric car brand, Maxus which was acquired last year from P. Petropoulos is becoming a lottery ticket.
Acquisition of the TWENTY 4 SHOPEN
Core Innovations, a subsidiary of Motor Oil Group, has proceeded with the acquisition of the TWENTY 4 SHOPEN chain of small retail stores.
Focus on RES and circular economy - In the first quarter of 2025 the acquisition of Elector
Motor Oil puts high on its agenda the electricity and circular economy sectors, aiming for these sectors to record EBITDA of around €500 million.
Net profit of €224 million in the 9 months
Motor Oil recorded a net profit of €224 million euros in the 9-month period at Group level, compared to €716.7 million euros in the corresponding period last year.
In the third quarter of 2025 the restoration after September's fire
According to Motor Oil, the restoration of the September fire damage is expected to be finished in the third quarter of 2025.
Appeal to the Court of Justice on the fine imposed by the Competition Commission
Motor Oil considers the recent decision of the Competition Commission to impose a fine to be completely incorrect and unsustainable, with the listed company announcing today that it will appeal to the competent courts for its annulment.
What the company says about the Competition Commission fine
The Competition Commission has fined Motor Oil €9.2 million for obstructing an ex-officio inspection that a team of the Commission attempted at the Corinth refineries.
19% increase in half-year EBITDA - At €639 million
Motor Oil Group presents a significant increase in profits in the first half of 2024 compared to the corresponding period of 2023, as the profits in the financial results announced.
The General Meeting approved the acquisition of Helector
Today at Motor Oil's Extraordinary General Meeting, the acquisition of Helector was approved through its subsidiary Manetial Limited.
Completed the purchase of Helector from Ellaktor
The acquisition of 94.44% of Ηelector by Motor Oil for €114,731 million was completed.
Green light on dividend - record €1.8 per share
The energy group's Annual General Meeting approved Motor Oil's largest dividend payment since the company went public, which was for the most recent fiscal year.