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UnoPetrol snaps up Texaco service stations in Nicaragua

Friday, November 18, 2011

UnoPetrol, the oil subsidiary of Honduras-based Grupo Terra, has acquired the Texaco-branded Chevron service stations in Nicaragua.

According to unofficial reports, the purchase price came to $50 million. The UnoPetrol stations will compete with those of Esso and the state-owned Petronic, which is growing.

Last year, UnoPetrol bought Shell’s service states in Nicaragua as part of its acquisition of Shell Centroamérica.

Original source: El Nuevo Diario