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DCC Energy agrees to acquire Esso Retail Norway

07 February 2017 08:25

DCC Energy has agreed to acquire Esso Norge's retail petrol station network in Norway for Nkr2.43bn.

The network is the third largest in Norway with approximately 20%1 of retail volumes.

DCC Energy also announced that it recorded strong growth in operating profit in the third quarter to the end of December, benefiting from very strong organic volume growth in LPG and good organic volume growth in both Retail & Fuelcard and Oil.

Heating-related volumes were in line with expectations, with the milder weather conditions in the UK offset by colder conditions elsewhere.

DCC Healthcare traded in line with expectations and the prior year, benefiting from a strong organic performance from DCC Health & Beauty Solutions, although DCC Vital was, as anticipated, impacted somewhat by the trading headwind of the weakness in sterling, particularly in pharma products. At 8:25am: (LON:DCC) DCC PLC share price was +372.5p at 6747.5p

Story provided by StockMarketWire.com

Related Company: DCC

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