Esso fuel stations in Co Kildare to become Topaz outlets
16 Oct 2015
Esso fuel stations in Co Kildare will be converted into Topaz outlets in coming months after a buy out deal was rubber-stamped. The Competition and Consumer Protection Commission (CCPC) has approved the estimated €80m deal which has strict conditions. Topaz also said today that it is considering a float on public stock markets as well as further expansion abroad. The Exxon Mobil-owned Esso business owns 38 service stations across Ireland - including on the M7 - which will become Topaz outlets. The agreement will see Topaz owning roughly 30% of the motor fuels market in the country. The CCPC has directed that Topaz must dispose of three of those service stations. Topaz said the deal will see the brand employ 2,000 people across Ireland with service stations under their banner to be seen in all 32 counties on the island. Its turnover is expected to be roughly €3.5 billion.
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