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Displaying items by tag: Fuel Terminal

#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.

Published in Dublin Port

William M Nixon has been writing about sailing in Ireland and internationally for many years, with his work appearing in leading sailing publications on both sides of the Atlantic. He has been a regular sailing columnist for four decades with national newspapers in Dublin, and has had several sailing books published in Ireland, the UK, and the US. An active sailor, he has owned a number of boats ranging from a Mirror dinghy to a Contessa 35 cruiser-racer, and has been directly involved in building and campaigning two offshore racers. His cruising experience ranges from Iceland to Spain as well as the Caribbean and the Mediterranean, and he has raced three times in both the Fastnet and Round Ireland Races, in addition to sailing on two round Ireland records. A member for ten years of the Council of the Irish Yachting Association (now the Irish Sailing Association), he has been writing for, and at times editing, Ireland's national sailing magazine since its earliest version more than forty years ago