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Sunday, 04.05.2025, 06:13
40 former Statoil fuel stations re-branded as Circle K
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“In addition to that, our newest fuel station in Tinuzi opened in June with
the Circle K design. We are planning
to complete the transformation of the remaining 40 Statoil stations by the end of October,” the fuel company’s
representatives said, adding that so far the re-branding has been going as
planned.
As reported, Circle K Latvia
plans to re-brand all the remaining Statoil
fuel stations to Circle K stations by
this fall. The switch to the Circle K
brand is also under way in Lithuania, Estonia and Poland. The company, however,
will not re-brand its fuel stations in n Norway, Denmark and Sweden.
Circle K Latvia, however,
did not reveal the size of investments made in the re-branding.
Circle K is the largest
fuel retailer in Latvia and it belongs to Norway's Circle K Norge.
As reported, during the last financial year, from May 1 2015 to April 30,
2016, Circle K Latvia generated EUR
358.177 million euros in turnover, which is by nine% less than a year ago,
while the company’s profit rose 13.8% to EUR 21.571 million.
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