DCC has agreed to buy oil distribution assets owned by Total in Britain, the Isle of Man and the Channel Islands
DCC has agreed to buy oil distribution assets owned by Total in Britain, the Isle of Man and the Channel Islands in a deal worth around £59 million pounds.
Total Isle of Man is a major supplier of heating oil as well as having 11 retail sites around the island and employ over 70 people.
The deal includes trade, fixed assets and stock of transport, commercial and home heating oil distribution business Total Butler, the share capital of Total's oil distribution and retail service station businesses on the Isle of Man and the Channel Islands, and contracts to supply transport fuels to dealer owned and operated retail service stations that are currently branded Total.
DCC Energy's chief executive Tommy Breen said "The acquisition will considerably extend presence in England and Wales and will also enhance our ability to serve customers throughout the market,"
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