Total acquires 70% of Dominican oil retailer

Total SA has acquired a 70% interest in the leading fuel retailer of the Dominican Republic from Putney Capital Management, which retains 30%. Terms weren’t disclosed.

Total SA has acquired a 70% interest in the leading fuel retailer of the Dominican Republic from Putney Capital Management, which retains 30%. Terms weren’t disclosed.

Included in the deal are 130 service stations, which will be managed by a joint venture called Total Dominicana as part of Total’s network of 600 service stations in nine Caribbean countries.

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