Topaz has bought Esso

Topaz

Service station Topaz have had their takeover bid for Esso approved by the Competition and Consumer Protection Commission. Topaz, which is owned by contentious businessman Denis O’Brien, will own a total of 30% of the Irish fuel market. It is believed the deal will be worth it the region of €70 million.

Esso currently own 38 service stations across the country, 35 which will be acquired by Topaz. 3 service stations will be scrapped, a stipulated that was addressed in the takeover conditions. The deal will see Topaz employ over 2,000 people across the country. They’re expected turnover will be in the region of €3.5 billion.

Just last week, an announcement was made by Topaz that will see the introduction of 40 Eddie Rocket stores in a number of service stations, further diversifying their product offering and capitalising on all aspects of the market.