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Announced

Completed

Italiana Petroli completed the acquisition of fuel and refining assets and busines of Esso italiana.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Italy

fuels and refining

Alternative Fuels

Acquisition

Domestic

Majority

Private

Completed

Single Bidder

Friendly

Synopsis

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Italiana Petroli, an Italian operator in the fuel and mobility sector, completed the acquisition of fuel and refining assets and busines of Esso italiana. Financial terms were not disclosed. “We are pleased with this acquisition, through which our Group will be joined by very high quality people, competencies and production assets. We have made a great effort to finalize 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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