**Proposed Sale of Fourteen Petrol Service Stations in Cyprus**
Petrolina (Holdings) Public Limited (PHL) and eWise Cyprus Ltd have officially announced the initiation of a competitive Invitation to Tender for the sale of a portfolio comprising fourteen petrol service stations across the Republic of Cyprus. This announcement follows the decision made by the Commission for the Protection of Competition on December 16, 2025, which approved PHL's acquisition of ExxonMobil Cyprus Limited.
The tender process is aimed at identifying potential buyers for the petrol stations, which are strategically located throughout Cyprus. Interested parties are encouraged to reach out to the appointed Trustee, Mr. Angelos Gregoriades, for detailed information regarding the tender process, including timelines and eligibility criteria.
Expressions of interest from prospective bidders must be submitted by July 31, 2026. Once eligibility is confirmed, qualified parties will be invited to participate in the subsequent phases of the tender process.
Mr. Gregoriades can be contacted via telephone at +357-99-687000 or +357-99-566558, or via email at [email protected] or [email protected]. The tender reference number for this process is ITT-PETRO-CY-2026-001.
This sale represents a significant opportunity for businesses in the fuel sector and reflects ongoing developments in the Cypriot energy market. As the process unfolds, further details regarding the service stations and the terms of sale are expected to be made available to interested parties.