M&A Deal Summary

Tamoil Acquires Repsol S.A. - Fuel Business

On April 14, 2021, Tamoil acquired oil/gas exploration company Repsol S.A. - Fuel Business from Repsol

Acquisition Highlights
  • This is Tamoil’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Tamoil’s 1st transaction in Italy.

M&A Deal Summary

Date 2021-04-14
Target Repsol S.A. - Fuel Business
Sector Oil/Gas Exploration
Buyer(s) Tamoil
Sellers(s) Repsol
Deal Type Divestiture

Target

Repsol S.A. - Fuel Business

Italy
Fuel Business includes the service station network and the direct fuel sales business in Italy, is carried out within the framework of the multi-energy company's 2021-2025 Strategic Plan that focuses on the geographic areas with the greatest competitive advantages.

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Buyer(S) 1

Buyer

Tamoil

The Hague, Netherlands

Category Company
Founded 1988
Sector Oil/Gas Exploration
DESCRIPTION

Tamoil is a major player in the European downstream oil industry. Playing a vital role at every stage of the value chain, our two main brands Tamoil and HEM employ around 1000 people, sell in excess of 10 million tons of fuel products every year. Tamoil was founded in 1988 and is based in The Hague, Netherlands.


DEAL STATS #
Overall 1 of 1
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Italy M&A 1 of 1
Year: 2021 M&A 1 of 1

Seller(S) 1

SELLER

Repsol

Madrid, Spain

Category Company
Founded 1927
Sector Oil/Gas Exploration
Employees26,267
Revenue 57.1B EUR (2024)
DESCRIPTION

Repsol operates as a multi-energy company worldwide. Its Upstream segment engages in the exploration, development, and production of crude oil and natural gas reserves, as well as the development of low-carbon geological solutions. Repsol was founded in 1927 and is based in Madrid, Spain.


DEAL STATS #
Overall 3 of 4
Sector: Oil/Gas Exploration M&A 1 of 2
Type: Divestiture M&A Deals 2 of 3
Country: Italy M&A 1 of 1
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-09 Gana Energía

Valencia, Spain

Gana Energía is an alternative to the traditional Spanish electricity market, commercializing 100% renewable energy. The company has shown impressive growth, currently servicing 37,000 customers and with the goal of surpassing the barrier of 100,000 within three years. Gana Energía was founded in 2015 and is based in Valencia, Spain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-16 Asterion Energies

Madrid, Spain

Asterion Energies manages a portfolio of renewable projects mostly under development totaling 7,700 megawatts (MW) in Spain (84%), Italy (12%), and France (4%). Asterion Energies is based in Madrid, Spain.

Buy €560M