Cepsa to acquire service station network from Ballenoil.

Cepsa, an oil and gas company, agreed to acquire service station network from Ballenoil, an oil and gas company. Financial terms were not disclosed. "Our goal is to consolidate Ballenoil as a leading low-cost brand and position it as a benchmark for sustainability in this segment while continuing to transform our own network of premium service stations, where customers will find an increasing variety of decarbonized energy solutions and restaurant and ultra-convenience options. With this acquisition, Cepsa will reach 2k service stations in the Iberian market, where we can attend to different customer profiles," Pierre-Yves Sachet, Cepsa Director of Mobility & New Commerce.