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Arntzen de Besche assists DCC Energy in the acquisition of ESSO Norge AS’ retail petrol station network

It was announced 7 February 2017 that DCC Energy has reached an agreement to acquire the retail petrol network for the consideration of NOK 2.43 billion.

Esso's retail petrol station network in Norway comprises a national network of 142 company-operated sites (127 retail service stations and 15 unmanned stations) and has contracts to supply 108 Esso-branded dealer owned stations. As part of the transaction DCC Energy will enter into long term brand and supply agreements with Esso Norge AS.

On completion of the acquisition, DCC Energy will operate approx. 1,000 retail petrol stations across Europe and supply approx. 2,000 dealer-owned stations.

DCC Energy is the leading oil and liquefied petroleum gas ("LPG") sales, marketing and distribution business in Europe and is a subsidiary of DCC plc, an international sales, marketing and business support services group headquartered in Dublin and listed on London Stock Exchange.

The team from Arntzen de Besche has been led by Per A. Dagslet, assisted by Cecilie O. Lindseth, Anders Heieren, Espen Sandvik, Thea Susanne Skaug, Karl Erik Navestad, Tron Dalheim, Espen I. Bakken and Camilla Ellingsvik.

The press release from DCC is available here.

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