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Total SA and Egyptian Partners to buy Chevron Corp's Egyptian Retail Network-Reuters


Monday, 26 Aug 2013 06:00pm EDT 

Reuters reported that Total SA said it had agreed to buy the Egyptian retail network of Chevron Corp, in a move that it says will create its biggest marketing and services subsidiary outside Europe. Total SA said the network includes 66 service stations, two oil depots, the aviation fuel operations at the Cairo airport and aviation fuel operations at the Cairo and Marsa Alam airports. Total SA made the purchase jointly with two Egyptian partners Beltone Capital and Beltone Private Equity (BPE) Energy. The financial terms of the deal were not disclosed. 

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