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Topaz To Complete Esso Takeover By End Of Year

Published on Feb 18 2015 2:39 PM in Retail

Topaz To Complete Esso Takeover By End Of Year

Fuel and convenience retailer Topaz Energy has today announced a €20 million investment programme across their network which will see a transformation of the company’s retail network.

Emmet O’Neill, CEO of Topaz Energy, has also announced a further investment programme next year which will see the extension of Topaz and ReStore brands across the recently acquired Esso network.

The company has also released their key financial results for the year, which include an operating profit increase of 9%, and a turnover of just under €3 billion.

Topaz’s operating profit this year reached a total of €14 million, with an EBIDTA of €27 million. The company also announced that their acquisition of the Esso network is estimated to reach completion before the end of the year.

© 2015 - Checkout Magazine by Hannah Popham.

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