In April 2012 MOTOR OIL (HELLAS) S.A. acquired through the Athens Exchange 26.71% of the share capital of CYCLON HELLAS. In November 2014 the procedure of the mandatory tender offer submitted by MOTOR OIL (HELLAS) S.A. to the shareholders of CYCLON HELLAS in June 2014 pursuant to the Law 3461/2006 was completed. As a result, MOTOR OIL (HELLAS) S.A. became the only shareholder of CYCLON HELLAS while the shares of the latter were delisted from the Athens Exchange in December 2014. In June 2015 the separation of activities of the Company was approved by the relevant Competent Authority (Piraeus Chamber of Commerce & Industry). 

The retail fuel business of CYCLON HELLAS (a network consisting of approximately 200 retail gas stations throughout Greece) along with the related assets were transferred to AVINOIL S.A. by the means of a share capital increase and subsequent amendment of article 5 of its Memorandum of Association. 

The lubricants marketing & production business of CYCLON HELLAS along with the related assets were transferred to a newly founded wholly owned subsidiary of MOTOR OIL (HELLAS) S.A. company under the name L.P.C. S.A., of which the Memorandum of Association bearing Protocol Number 5.483/04.06.2015 was approved.


Contact details

Address: 124 Megaridos street, 193 00 Aspropyrgos

Tel: + 30 210 8093900, Fax: 30 210 8093999

Managing Director: Dimitrios Kontaxis

Web Site:

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