Chevron Limited has announced it is selling its UK equity distributor

business to GB Oils Ltd for £21.9m.

The deal by Chevron, an indirect, wholly-owned subsidiary of Chevron Corporation, is expected to be completed by the end of this month.

GB Oils, a subsidiary of DCC Plc, will assume ownership of a number of fuels, lubricants and fuel card businesses.

The trading names of these businesses include Bates & Hunt, James D Johnson, Team Flitwick, GE Stevens, Able Energy, Vectis Oils, OJ Williams and Owen Fuels.

A supply agreement will also allow GB Oils to use the Texaco brand.

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