Agreement between Eltrekka S.A. and BP Oil Hellenic S.A.

Eltrak S.A. announces that its subsidiary Eltrekka S.A. signed an agreement with BP Oil Hellenic S.A. for the distribution of BP lubricants.

The agreement states that Eltrekka S.A. and BP Oil Hellenic S.A. will become strategic partners in the distribution of BP automotive lubricants as of November 1st, 2010.

BP Oil Hellenic  S.A. produces and sells automotive, industrial and marine lubricants (under the brands: BP, Castrol, Tribol, Optimol, etc.) as well as aviation fuel and is by far the market leader in the lubricants market with a market share of over 25%.

Eltrekka S.A. is the largest supplier of automobile and truck parts in the aftermarket in Greece, representing over 40 of the world’s top manufacturers. Eltrekka S.A. is also responsible for the logistics and wholesale distribution of Ford genuine parts on behalf of Velmar S.A., member of the Vassilakis Group.

Eltrak S.A. and Autohellas, member of the Vassilakis group of companies, each own 50% of Eltrekka S.A.

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