Cepsa negotiates purchase of Ballenoil, leader in low-cost petrol stations
Cepsa, Spain’s second largest oil company, is in advanced negotiations for the acquisition of Ballenoil, the Spanish leader in the low-cost petrol station segment, with more than 200 fully automated service stations at present, according to EXPANSIÓN newspaper. The transaction, which could be worth between €200 and €300 million, takes place in the midst of rising fuel prices, a situation that has boosted the business of this type of establishment….