Italiani Petroli completed the acquisition of the fuel business of ExxonMobil-backed Esso Italiana.

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.