DCC completes Statoil deal
DCC has completed the acquisition of Statoil's industrial liquified petroleum gas (lpg) business in Norway and Sweden.
The purchase of the business for an undisclosed sum was awaiting competition clearance in the two countries.
The business being acquired has net assets of around €11 million, and sells roughly 260,000 tonnes of fuel annually, equivalent to around 500 million litres or €200 million in revenue.
The acquisition is "an important step in DCC Energy's planned expansion of its LKPG business beyond Britain and Ireland", the group said when announcing the deal in September.