Announced
Financials
Sources
Tags
Acquisition
Friendly
Pending
Germany
conventional filling station
Majority
Oil Equipment and Services
Private
Single Bidder
Synopsis
Avia, an independent mineral oil importer, agreed to acquire TESSOL Kraftstoffe, which focuses on the conventional filling stations, from BayWa, that operates in the agriculture, building materials and energy sectors. Financial terms were not disclosed. “The transaction is part of capital restructuring efforts within the company portfolio that are aimed at further expanding strategic business areas,” Klaus Josef Lutz, BayWa’s Chief Executive Officer.
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