#FuelTerminal - Applegreen, a forecourt retailer has agreed to pay €15.7m to buy a 50pc stake in a fuel terminal at Dublin Port.
The Joint Fuel Terminal writes The Irish Independent is currently equally owned by Valero Energy (Ireland) and Esso Ireland. It is one of three fuel importing facilities at the port.
Applegreen is acquiring Esso's stake in the terminal.
Esso Ireland was acquired by Topaz in October 2015 for €75m. At the time, Topaz was owned by businessman Denis O'Brien. Shortly after, he sold Topaz to Canada's Alimentation Couche-Tard for €450m.
But as part of the deal to acquire the Esso operation, Topaz was told by the Competition and Consumer Protection Commission to sell the Esso stake in the Joint Fuel Terminal. The stake had been for sale since early in 2016.
Further details of the deal can be read here.