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Brazil: Total to buy Grupo Zema distribution business

The French energy group would acquire a network of 280 dealer-operated service stations and several oil products and ethanol storage facilities.



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Author: PetrolPlaza Correspondent Pablo Plaza

Total has agreed with Brazilian company Grupo Zema to acquire its fuel distribution business in order to expand its presence in the South American country. The agreement includes the acquisition of Zema Petróleo, its reseller and retailer arm Zema Diesel and its importation company Zema Importacao.

Zema Petróleo currently manages a network of 280 dealer-operated service stations and several oil products and ethanol storage facilities, most of them located in the states of Minas Gerais, Goiás and Mato Grosso. It is also supplies fuels to third party retail stations in the same regions.

With this acquisition, Total is stepping into the largest South American market and the world's second largest low-carbon biofuels market. The French energy group intends to expand its activities in the area with the objective to double the number of branded stations within 5 years, particularly throughout the Southeast and Central-West regions in Brazil.

"This acquisition is in line with our strategy to expand in large growing markets and in biofuels markets under our Climate roadmap”, commented the President Marketing & Services and member of the Executive Committee at Total, Momar Nguer.

The rebranding of the current 280 service stations will start in 2019 and new flagships stations will open on selected locations.

The acquisition is subject to prior approval of the Brazilian competition authority.

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