Cepsa buys Ballenoil’s 220 low-cost petrol stations
Cepsa, with a 12% market share, only behind Repsol (25%), has announced the purchase of the Spanish leader in low-cost petrol stations, Ballenoil (with sales of 470 million in 2022 vs. 300 million in 2021) for an undisclosed amount, which investment analysts estimate at around 300 million. Cepsa, the energy company controlled by Mubadala and Carlyle, will thus exceed 2,000 petrol stations on the Iberian Peninsula, more than 1,500 in…