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  • Engen acquires Total's downstream operations in three African countries - Guinea Bissau, Rwanda and Burundi
    édité le 26/08/2008 - Plus de news de "Engen" - Voir la fiche entreprise de "Engen"

Engen acquires Total's downstream operations in three African countries - Guinea Bissau, Rwanda and Burundi
Engen Petroleum Limited, South Africa's refined petroleum products company, is set to acquire Total's downstream operations in three African countries - Guinea Bissau, Rwanda and Burundi - in terms of sale and purchase agreements signed recently.

The deal comprises:

- Total's entire shareholding in its downstream businesses in Rwanda (Rwanda SARL),
- 100% shares in Total Burundi
- 85.11% shares in Total Guinea-Bissau and,
- 50% interest in Aero Services SARL (Total's interest in the Aviation business in Guinea Bissau)

Rwanda SARL includes 19 service stations and operates one depot, representing sales of 38 million tons a year or 22% share of the market.

The holding in Total Burundi will complement Engen's existing business in that country with 29 additional commercial customers.

The shares in Total Guinea Bissau will give Engen access to four service stations and 37 commercial customers, which represents 29% market share. And for 50% in Aero Services SARL Engen will obtain Jet A1 fuel storage, Avgas storage and into-plane refuelling truck capacity.

Origine : Communiqué Engen

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