Merger to transform regional energy sector

Reatile Group mergerBy TINTSWALO BALOYI
JOHANNESBURG, (CAJ News) - EASIGAS and Reatile Gaz have agreed to merge their respective Southern African liquefied petroleum gas (LPG) operations.

The merged operation will be owned 60 percent by Rubis Group (France) and 40 percent by Reatile Gaz.

The merger is subject to the approval of all relevant competition and other authorities.

According to Chairman of Reatile Group Simpiwe Mehlomakulu said," it would be a truly regional player, offering enhanced efficiency and reliability of supply to its customers through the combined LPG
supply and distribution infrastructure of the parties."

The merger will further enhance transformation in South Africa's energy sector, and will position a black owned and managed company as a key player in the Southern
African LPG market.

Easigas is a wholly owned subsidiary of the Rubis Group and has operations in South Africa, Swaziland, Lesotho and Botswana.

Reatile Gaz, having LPG operations in South Africa and active in Mozambique and Zimbabwe, is ultimately owned 55 percent by Reatile Group (Pty) Ltd and 45 percent
by Engen Petroleum Ltd.

Reatile Group is a black owned and managed company with diverse interests in the Southern African energy sector. 

– CAJ News 

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Posted by on Sep 15 2015. Filed under Africa & World, Energy, Finance, Finance & Banking, National, Oil & Gas, Regional. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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