VARO retail activity growth in the Netherlands

VARO Energy has signed an agreement to acquire 100% of the shares in United Fuel Group B.V. (UFG), the holding company of Diesel Oil Company B.V. (DOC) and Private Label Oil Company B.V. (POC).

Through this transaction, VARO will add 22 retail service stations in the Eastern Netherlands as well as wholesale and lubricants business activities to its portfolio.

This follows the acquisition of the Brand Oil and Amigo networks earlier this year, bringing VARO’s retail footprint in the Netherlands to more than 140 retail service stations. Simultaneously, the company has strengthened its position in the wholesale market around its terminal network in the Eastern part of the country.

VARO CEO, Roger Brown said: “With this transaction, we broaden our company’s presence in the retail segment, in line with our strategy to grow as an integrated logistical service provider in North West Europe. This represents another step forward in our commitment to continuously expand and improve our customer offering.”

For more information visit www.varoenergy.com

5th June 2017