Total acquire GAPCO’s assets in Kenya, Uganda Tanzania

Total to acquire GAPCO’s assets in Kenya, Uganda and Tanzania

9:43 AM, 31st May 2016
Total to acquire GAPCO’s assets in Kenya, Uganda and Tanzania
Momar Nguer, president of Total marketing & services. (File photo)

PARIS, FRANCE: Total SA to acquire Gulf Africa Petroleum Corporation's (GAPCO) assets in Kenya, Uganda and Tanzania, strengthening its position in petroleum product distribution and services in East Africa.

The principal assets being acquired are two logistical terminals in Mombasa (Kenya) and Dar es Salaam (Tanzania) as well as a retail network of around one hundred service stations that is 67 in Tanzania, 9 in Kenya and 32 in Uganda.

The acquisition of these assets, which are complementary to Total’s existing operations in Kenya, Uganda and Tanzania, will strengthen Total’s logistics in the region and significantly accelerate the growth of our service station network, particularly in Tanzania, while leveraging the Total brand.

Total is the leading petroleum product retailer in Africa, with a network of more than 4,000 service stations.

“This acquisition is in line with Total's growth strategy for the distribution of petroleum products and services in Africa, which aims at expanding in fast-growing regions while maintaining high profitability. These assets, which complement our activities in East Africa, will help us fully leverage synergies of size and build the most competitive integrated regional supply, logistics and marketing base,” said Momar Nguer, president of Total marketing & services.

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