Total recently signed a sale and purchase agreement to sell most of its marketin ...

Total recently signed a sale and purchase agreement to sell most of its marketing assets in the UK, the Channel Islands and the Isle of Man to Rontec Investments, a consortium led by Snax 24, one of the leading independent forecourt operators in the UK. The assets included within this agreement consist of Total’s UK retail network, comprising 810 Total-branded service stations, its Butler heating oil business, the associated logistics infrastructure, as well as its Channel Islands and Isle of Man businesses. Shortly thereafter, Shell UK announced that it is to acquire 254 fuel retail sites in the UK from Rontec Investments for some $400mn (£240mn). The deal marks the biggest single expansion of Shell’s service station network in the UK. The addition of the new stations - which are mostly in the Midlands and south-east England - will increase Shell’s portfolio to some 1,150 outlets.