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Major holding acquires Total’s filling stations in Turkey

Oil&Gas Materials 2 September 2015 14:58 (UTC +04:00)
The network of filling stations of the French company Total in Turkey was acquired by the Demiroren Holding.
Major holding acquires Total’s filling stations in Turkey

Baku, Azerbaijan, Sept. 2

By Rufiz Hafizoglu - Trend:

The network of filling stations of the French company Total in Turkey was acquired by the Demiroren Holding, according to the Milliyet newspaper.

The newspaper said Sept. 2 that Demiroren Holding acquired Total's filling stations network for 325 million euros.

Earlier it was reported that the Turkish Demiroren Holding is interested in acquiring filling stations of Total in Turkey.

On April 24, Total announced its intention to leave the Turkish market.

Currently, the French company's share in the Turkish market stands at five percent.

Edited by SI

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Follow the author on Twitter: @rhafizoglu

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