DCC completes €106m buyout of almost 400 Esso stations in France
Irish firm DCC Energy has completed a deal that will see it buy a network of nearly 400 Esso-branded petrol stations in France for €106m.
The acquisition of Esso SAF’s unmanned and motorway retail petrol station network in France includes both the Esso Express network and Esso Motorway concessions.
The deal, first announced in August last year, was finalised after the sales and distribution company received the necessary clearances and completed the implementation of an IT and operational infrastructure.
The group will now pay the total consideration of €106m, plus the value of stock in tank, in cash.
According to conglomerate DCC, the French business is expected to have annual revenues of about €2.2bn, dealing with 1.9bn litres of fuel per annum.
The majority of the stations are unmanned ‘Esso Express’ facilities.
In Ireland, the energy division of DCC operates the Emo network and it bought the Qstar stations in Sweden earlier this year.