LA DEFENSE (dpa-AFX) - Total (TOT, TTA.L) announced the acquisition of Gulf Africa Petroleum Corp.'s or GAPCO assets in Kenya, Uganda and Tanzania. The transaction is subject to the authorities' approval in the three countries.
The principal assets being acquired are two logistical terminals in Mombasa, Kenya and Dar es Salaam, Tanzania, as well as a retail network of around one hundred service stations. The acquisition of these assets, which are complementary to Total's existing operations in Kenya, Uganda and Tanzania, will strengthen Total's logistics in the region and significantly accelerate the growth of our service station network, particularly in Tanzania, while leveraging the Total brand.
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