MOSCOW, February 5. /TASS/. Lukoil Europe Holdings BV, the subsidiary of the Russian oil major Lukoil, and Austrian AMIC Energy Management GmbH signed the contract on sale of nearly 230 gas stations in Lithuania, Latvia, and Poland, Lukoil said on Friday.

The deal will be closed in the second half of 2016 after getting approval from regulatory authorities of Lithuania, Latvia, and Poland. In April 2015 Lukoil already sold its 100% participation interest in its Ukrainian subsidiary having 240 gas stations and 6 oil depots to AMIC.

"The decision to sell the retail chain in Lithuania, Latvia and Poland was made within the framework of the program on optimization of Lukoil’s retail assets structure in Europe," the company said.

According to the agreement reached, gas station chains in Lithuania and Latvia will be managed by UAB Luktarna and AS VIADA Baltija affiliated with the management of UAB Lukoil Baltija.