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Applegreen PLC (APGN)

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Wednesday 04 January, 2017

Applegreen PLC


RNS Number : 2617T
Applegreen PLC
04 January 2017

This announcement contains inside information within the meaning of the EU Market Abuse Regulation 596/2014


Applegreen plc

("Applegreen" or the "Company)

Proposed acquisition of 50% of Dublin fuel terminal

Dublin, London, 4 January 2017:

Applegreen plc is pleased to announce that it has entered into a conditional agreement to acquire a 50% share in the Joint Fuels Terminal in Dublin port from the Topaz Energy Group for a consideration of c.€15.7m which will be funded from existing resources. The acquisition is subject to the satisfaction of a number of conditions including the approval of the Competition and Consumer Protection Commission. The transaction is expected to complete in Q1 2017.

The Joint Fuels Terminal, which is 50% owned by Valero Energy (Ireland) Limited, is one of three fuel importing facilities in Dublin port. The interest being acquired was previously owned by Esso Ireland. The proposed acquisition provides Applegreen with the facility to import fuel directly from refineries thereby securing a strategically valuable platform that provides a competitive supply for the majority of its Irish fuel requirements.

This acquisition, if it completes, is expected to be earnings accretive from 2017.

For further enquiries, please contact:


Bob Etchingham, CEO / Paul Lynch, CFO                                      +353 (0) 1 512 4800


Drury Porter Novelli (Irish media):

Paddy Hughes                                                                                         +353 (0) 1 260 5000



Joe Gill                                                                                                       +353 (0) 1 667 0420

Siobhan Wall                                                                                            


Shore Capital

Stephane Auton                                                                                     +44 (0) 20 7408 4090

Patrick Castle


This information is provided by RNS
The company news service from the London Stock Exchange

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