Announced
Completed
Financials
Sources
Tags
Friendly
Cross Border
fuel
Private
Acquisition
Single Bidder
Integrated Oil and Gas
Majority
Italy
Completed
Synopsis
Italiani Petroli, a private fuel and mobility company, completed the acquisition of the fuel business of ExxonMobil-backed Esso Italiana, a fuel company. Financial terms were not disclosed. "The acquisition will allow the IP Group to be joined by very high quality people, competencies and production assets. We have made a great effort to finalise this operation, which will allow us to play a key role in facing the challenge of energy security in the mobility sector and will enable the following steps of the Group’s transition towards sustainability," Ugo Brachetti Peretti, IP President.
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