04 Dec SHV Energy acquires Galp’s bulk LPG portfolio in Spain, strengthening its position in the Spanish market
SHV Energy, via its subsidiary Primagas, has acquired 100% of Galp’s bulk LPG customers and assets in Spain. As a result of this acquisition, Primagas becomes the third operator in the LPG segment in Spain, and gains presence in practically the entire country. Through this transaction Primagas will increase its customer base from 13.000 to 20.000, and the tons of LPG supplied will rise with more than 50%.
Per Nielsen, CEO of Primagas in Spain, comments: “This transaction allows Primagas to become a major energy operator in the Spanish market, with a unique focus on supplying LPG to homes and industries outside the conventional gas network. We are pleased to have reached this agreement with Galp, and look forward to welcoming the customers to the Primagas family and grow further in the future”.