The Spanish group has acquired Petrobras’ energy businesses in the country, including 88 gas stations. The entry into Uruguay brings the total number of DISA retail sites to over 930 locations.
The energy company DISA continues its international expansion following the agreement reached with Brazil’s Petrobras to acquire its fuel distribution, convenience shop, lube, fertilizer and aviation fuel businesses in Uruguay. The Spanish operator will thus become the second largest fuel player in the country, with a 24% market share and a network of 88 active fuel stations.
DISA adds these 88 sites to the more than 850 it currently operates in Spain, Portugal and Andorra, making it the independent leader in the Iberian Peninsula as a whole and the fourth operator in number of fuel stations in Spain. The entry into Uruguay brings the Spanish group’s total number of fuel stations to over 930 locations.
Apart from the fuel stations and convenience shops, the agreement with Petrobras includes the distribution of fuel and lubricants, the marine business in different ports, the aviation business at Carrasco International Airport, and the marketing of fertilizers.
This agreement reinforces the Spanish energy company’s internationalisation strategy, which began three years ago with the construction and operation of photovoltaic electricity generation plants and, in Portugal and Andorra, with fuel stations and other businesses in the energy sector.
DISA thus begins its introduction into the Latin American fuel market, operating for the first time with its own DISA brand outside Spain.
The purchase agreement is subject to pending analysis and authorisation by the Uruguayan competition authorities.
Source: Petrolplaza
