DCC makes largest acquisition with Esso motorway retail network

North Atlantic Energies SA

28/08/2014 07:50

LONDON, Aug 28 (Reuters) - Support services group DCC 
 DCC.L  on Thursday said it had agreed to buy Esso's  ESSF.PA  
motorway retail network in France, its biggest ever acquisition, 
for 84 million pounds ($139.36 million). 
    The company said it had agreed in principle to acquire 
Esso's 274 unmanned petrol stations, 48 motorway concessions and 
supply contracts, which would give it a 4 percent share of the 
French market. 
    It is the company's first acquisition in France and second 
major deal in the European unmanned retail petrol station 
market, following its acquisition of Sweden's Qstar in February 
2014. 
    The deal is expected to complete in the first half of 2015. 
    ($1 = 0.6027 British Pounds) 
 
 (Reporting by Li-mei Hoang; Editing by Neil Maidment) 
 ((limei.hoang@thomsonreuters.com)(020 7542 6513)(Reuters 
Messaging: limei.hoang.thomsonreuters.com@reuters.net)) 
 
Keywords: DCC ACQUISITION/