Repsol-YPF acquires Shell's LPG business in Portugal

Dec 14, 2004 01:00 AM

Repsol-YPF has signed an agreement with Shell for the acquisition of that company's LPG business in Portugal, comprising Shell Gas (LPG) and its subsidiaries Spelta in Madeira (wholly-owned) and Saaga in the Azores (25 % stake).
The deal also includes the purchase of two bottling plants, one in Matosinhos, with 3,900-ton storage capacity, and Banatica in Almada, with a storage capacity of 2,700 tons. The company also acquires all commercial assets required for the normal development of this activity.

This acquisition is in keeping with Repsol-YPF's strategy aimed at strengthening its global presence in the world's LPG market and in growth in natural markets, such as Portugal. The agreement is subject to approval by European Anti-Trust Authorities.
Repsol-YPF began its activities in the Portuguese LPG market in 1992, a country where it currently has a 5 % market share with sales reaching 42,000 tons. Following this transaction, the company's market share will reach 21 % and sales 194,000 tons, making it the third leading operator in that country.

With 3.2 mm tons, Repsol-YPF ranks third in the world in the LPG retail market, with a presence in 10 countries.
The company is the leading operator in the Spanish and Latin American LPG market.

Source: AP
Alexander's Commentary

Change of face - change of phase

In the period of July 20 till August 3, 2015, Alexander will be out of the office and the site will not or only irreg

read more ...
« November 2019 »
November
MoTuWeThFrSaSu
1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30

Register to announce Your Event

View All Events