Tamoil Italia S.P.A. Announces the Agreement with Repsol S.A. for the Acquisition of Repsol Italia S.P.A.

The agreement stems from the Tamoil Italia strategy of increasing its presence and competitiveness in the Italian market, taking advantage of the important synergies related to its proprietary logistics system. The deal is related to the acquisition of the entire distribution network of Repsol Italia, consisting of 275 service stations located throughout the country, as well as of the Repsol Italia’s wholesale sector.

Commenting the acquisition, Dr. Luca Luterotti, CEO of Tamoil Italia, said: “We are particularly pleased with this transaction which allows us to be even closer to our customers. We are confirming, even in these difficult times, the role of Tamoil in guaranteeing accessible mobility for all, thanks to an offer that is one of the most competitive in the market “.

The data relating to the agreement remain confidential.