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Article: Repsol sells service stations.(Latin America)(AleSat Combustiveis SA)(Brief article)

Article from:
The Oil Daily
Article date:
December 22, 2008
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Repsol said it has agreed to sell its fuels business in Brazil to AleSat Combustiveis for $55 million. The sale includes Repsol's network of 327 service stations, the commercial infrastructure and other complementary businesses such as convenience shops, direct sales and asphalts. Repsol will keep its LPG and lubricant businesses.

The agreement is part of the divestment of non-integrated downstream assets outlined in Repsol's 2008-12 strategic plan. Sales ...

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