Adnoc completes acquisition of 34 Emarat service stations | Adnoc completes acquisition of 34 Emarat service stations -
Adnoc-Distribution

Adnoc completes acquisition of 34 Emarat service stations

: Thursday, August 28 - 2014 @ 09:50

Adnoc Distribution has completed acquisition of 34 Emarat service stations and a fuel depot at Port Khaled in Sharjah, Emirates247 reported. The company has already taken over six Emarat service stations. Work on one remaining service station is due for completion at the end of this month. The acquisitions are in line with an agreement that Adnoc Distribution signed with Emarat in September 2013 for the take-over of 75 service stations within 24 months from signing the agreement. As per its agreement with Emarat, Adnoc Distribution will complete the acquisition of 10 additional service stations during September. These include Anwar in Sharjah, Huwailat, Shaam, Shamil RAK and Gasoil in the emirate of Ras Al Khaimah, as well as Manama and Shamil Ajman in Ajman, and Akamiya Tawiyan and Khabbah in Fujairah.

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Thursday, August 28- 2014 @ 9:50 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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