Makpetrol Sets up Shop in Solun/Thessaloniki

Macedonian fuel retailer Makpetrol [MSE: MPT] said it set up a fully-owned subsidiary in Greece, Petrolmak S.A., with a capital of 350,000 euro ($472,600).
Makpetrol’s Greek unit is headquartered in Solun as its main business is trade with oil and oil derivates, the company said in a statement to the Macedonian Stock Exchange yesterday.