Total buys a number of assets of a Brazilian company in the retail fuel sector


French oil and gas company Total announced the purchase of some assets of the Brazilian group Zema in the retail fuel sector. According to the agreement, the deal, the amount of which is not disclosed, includes the purchase of Zema Petroleo, Zema Diesel and Zema Importacao. For example, Zema Petroleo includes 280 petrol stations for cars and storage of petroleum products and bioethanol in Brazil. Total announced plans for further expansion in the Brazilian retail fuel sector. Its plan involves an 2-fold increase in the number of gas stations in the region over 5 years.

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