Tuesday 24 April 2018

DCC agrees deal for France's Gaz Européen

Stock photo
Stock photo
Michael Cogley

Michael Cogley

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

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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