The parent company of Euro Garages has bought more than 1,000 Esso service stations in Italy.
Intervias said the deal with ExxonMobil was for 1,176 sites in several Italian regions.
“The Esso brand has a leading presence in Italy and the existing network represents an excellent strategic fit for our business, allowing us to expand our network and reach even more customers with a strong fuel, retail convenience and food-to-go proposition,” said Intervias founder and co-CEO Mohsin Issa.
“We look forward to strengthening our relationship with Esso and cementing our position as a leading branded wholesale partner across Europe.”
All of the filling stations will keep the Esso brand.
The deal is subject to approval from the competition authority, which is expected to take a minimum of five months to complete.
Intervias was formed in 2016 following a £1.3bn merger deal with Euro Garages and the TDR Capital-owned European Forecourt Retail Group to create one of Europe’s largest retail forecourt specialists.
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