DCC Energy Agrees to Acquire France’s Esso SAF

Acquisition will bring DCC Energy’s total European retail stations to 672.

August 29, 2014

BELFAST, Northern Ireland – DCC PLC, the international sales, marketing, distribution and business support services group, has reached agreement in principle with Esso Société Anonyme Française (“Esso SAF”) to acquire the assets that comprise the Esso Express unmanned retail petrol station network and the Esso Motorway concessions in France.

The transaction is expected to be completed in the first half of 2015, after the relevant clearances have been received and the implementation of an IT and operational infrastructure. This will be DCC Energy’s second major acquisition in the European unmanned retail petrol station market following the acquisition of Qstar in Sweden in May 2014, and is a further step in the execution of DCC’s strategy to build a larger presence in the transport fuels sector.

"The acquisition of Esso SAF Retail will be DCC Energy’s first acquisition in France and the second major acquisition in the European retail petrol station market following the acquisition of Qstar announced in February 2014,” said DCC CEO Tommy Breen, in a press release. “It represents a significant further step in DCC’s strategy to build a larger presence in the transport fuels sector and provides DCC with an excellent platform for growth in the French market.”

On completion of the Esso SAF acquisition, DCC Energy will operate 672 retail service stations across Europe and supply in excess of 2,000 dealer-owned service stations.

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