Intervias to buy 1,176 Esso stations in Italy
Intervias Group has reached an agreement with Esso Italiana S.R.L., an ExxonMobil company, to acquire 1,176 Esso petrol stations in Italy.
According to a company release, the acquisition is in line with Intervias Group's retail network expansion. The Group will retain the Esso brand.
“The Esso brand has a leading presence in Italy and the existing network represents an excellent strategic fit for our business, allowing us to expand our network and reach even more customers with a strong fuel, retail convenience and food-to-go proposition," said Mohsin Issa, Founder and Co-CEO, Intervias Group.
The acquisition is subject to competition authority approval and may take at least five months to complete.
United Kingdom-based Intervias Group, a merger between Euro Garages and European Forecourt Retail Group, operates approximately 1,550 petrol stations.
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