Business Irish

Thursday 8 December 2016

DCC agrees deal for France's Gaz Européen

Published 14/11/2016 | 08:52

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DCC Energy has acquired French firm Gaz Européen Holdings SAS in a move that will add to the company's presence in the country.

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The firm described the deal as "highly complementary" to Butagaz's, which it acquired last year,  strong market position in the liquefied petroleum gas in France.

Gaz Européen is a specialist retailer of natural gas and focuses on the supplying management companies, apartment blocks, and public authorities.

The Paris-headquartered firm generated revenue of €205m last year with an operating profit of €15.7m.

The deal is DCC Energy's first major acquisition in natural gas as the business looks to strengthen its position in the French market.

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