Topaz Energy has agreed a deal to buy Esso’s retail business in the Irish Republic. Under the agreement, the Topaz parent company, Kendrick Investments Ltd, will purchase the shares of Esso Ireland Ltd and its wholly owned subsidiaries, Ireland ROC Ltd and Esso Ireland Manufacturing Company Ltd.
The deal covers 38 company-owned sites and the right to supply around 60 dealer-owned sites. Topaz is the biggest forecourt firm in the Republic with about 25% of the market, comprising 120 company-owned and 170 dealer-owned garages. Esso currently supplies another 10% of the market.