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Total enters Brazilian fuel retail sector
Total has entered into an agreement with Brazilian company Grupo Zema to acquire its fuel distribution company Zema Petróleo, its reseller and retailer arm Zema Diesel, as well as its import company Zema Importacao.
Zema Petróleo currently manages an extensive branded network of 280 dealer-operated service stations and several oil products and ethanol storage facilities, most of them located in the states of Minas Gerais, Goiás and Mato Grosso. It is also supplies fuel to third party retail stations in the same regions.
The acquisition marks Total’s move into the largest Latin American fuel retail market and into the world’s second largest low-carbon biofuels market. The Group intends to expand its activities in the area, planning to double the number of branded stations within five years, with a particular focus on the south-east and central-west regions of Brazil.
The deal is subject to approval from the Brazilian competition authority.
News Item details
Journal title: Petroleum Review
Region: Latin America
Countries: Brazil -
Subjects: Transport fuels, Forecourt retailing, Road fuels
