Corporate news

The new owner of Cyprus-based trading company SNEL ENERGY LTD

Alexandros Alexandrou, a Cyprus (European) national, became the new owner of Cyprus-based trading company SNEL ENERGY LTD, which indirectly owns and operates a network of more than 100 petrol stations and 6 fuel depots in Ukraine. The acquisition took place on March 29, 2022, despite challenging times for Ukraine.

Mr. Alexandrou started his career as Asset supervisor at Primetel, an Internet-TV-Telephony service provider in Cyprus in 2006. From 2007 till 2012 he held a position of Senior International Banking Advisor at Hellenic Bank. Afterwards Mr. Alexandrou joined the team of the law firm Michael Kyprianou & Co. LLC where he was involved in Business Development of the firm. Since 2015 he is involved in investments in real estate in Cyprus and Germany and as of April 2021, he is involved in trading activities of oil and gas industry.

Mr. Alexandrou continues to support the teams of Ukrainian companies and is confident in the huge potential of the company, which is sure to be realized after Ukraine returns to peaceful life.

Currently, the group continues paying salaries to 214 employees and, this way, supports its employees and their families to have money during these difficult times.

Mr. Alexandrou is aware that the Government of Ukraine decided to transfer assets of his group to the management of Naftogaz. He believes that this fact is the result of a misunderstanding, since he has no connection with the Russian government. He has already undertaken certain steps to resolve the mentioned situation and submitted his appeals to the Embassy of Ukraine in the Republic of Cyprus, as well as to the Ministry of Foreign Affairs of the Republic of Cyprus.

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