DCC Energy to acquire Esso petrol stations in France for €106mThursday 28 August 2014 08.09
DCC Energy is to acquire a network of almost 400 Esso-branded petrol stations in France for €106m.
The majority of the sites are unmanned ‘Esso Express’ facilities, with almost 50 motorway concessions also included in the deal.
Earlier this year DCC acquired the Qstar chain of unmanned stations in Sweden as it sought to grow its transport fuels business.
In Ireland, the company operates the Emo network as well as Great Gas, which also uses unmanned stations.
DCC said the French business it is acquiring is expected to have annual revenues of around €2.2bn, with 1.9bn litres of fuel flowing through the stations each year.
Following the cash deal DCC Energy expects 58% of its business to relate to road transport fuels, with a further 16% each for commercial fuels and heating oil, and 10% for liquid petroleum gas.