Tesco Ireland confirms transfer of fuel business operations

Tesco has agreed to sell off its network of 22 filling stations, pending approval

Tesco Ireland has confirmed its intention to transfer the operation of its network of 22 filling stations, pending Competition Authority approval. The supermarket retailer's fuel business, consisting of 22 filling stations primarily in Dublin, will be operated by commerical fuel and oil operator DCC Oil Ltd.

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18 December 2019 | 0

Tesco Ireland has confirmed its intention to transfer the operation of its fuel business in Ireland to DCC Retail & Oil. Tesco’s 22-strong network of filling stations is located in Dublin and throughout Leinster and Munster.

In a statement, Tesco said it has signed a deal to transfer the operations of its 22 petrol filling stations business to DCC Retail & Oil, subject to clearance by the Competition and Consumer Protection Commission. “Pending approval,” a spokesperson said, “Tesco will transfer the operations of this business to DCC Retail & Oil and a phased basis, beginning in the first quarter of 2020.

“There will be no job losses as a result of this deal,” the statement added, “and all Tesco colleagues currently employed in the petrol filling stations will return to working in stores.”

DCC Retail & Oil is a Europe-wide commerical and domestic retailer of fuel and oil which operates in eight countries, founded in Ireland in 1976  as a venture capital business. It also operates in the LPG, technology and healthcare sectors.

 

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