Petróleos Delta Acquires Assets of Shell Costa Rica

Petróleos Delta closed negotiations to purchase Shell and will invest $ 4 million over the long term in the network of gas stations.

Monday, March 7, 2011

The new company will also operate the 13 convenience stores located at the gas stations.

"Both services will change name and corporate identity over the short term, the CEO added. For now, gas stations and convenience stores will continue with the traditional Shell logo," Augusto Gerbaud, CEO of Petróleos Delta in Costa Rica, told Nacion.com.

More on this topic

El Salvador: Concentration Levels Under Review

April 2011

The country's competition regulator is evaluating four requests for local companies to be purchased in the communication, pensions and trade sectors.

The four requests received by El Salvador's competition regulator (SC in Spanish) are:

- América Móvil purchase of Digicel

Shell Costa Rica Negotiates with Panamanian Group

November 2010

Shell Oil is negotiating with Petróleos Delta the sale of all its assets and operations in Costa Rica.

The company confirmed the news to inquiries made by La Nacion of Costa Rica.

"The transaction is part of Shell's global strategy to concentrate its business in supply, distribution, marketing and sales in a smaller number of markets, globally."

Delta Oil Acquires Shell Panama's Assets

October 2010

The Panamanian company acquired the entire assets and operations of multinational Shell in the country.

The amount was not disclosed.

Through the acquisition Delta takes over property, equipment, distribution agreements, supply and leasing owned by Shell Panama.

The Panamanian company now controls 40% of service stations nationwide.

Sale of Shell C.A. Marches On

August 2009

The oil company announced its intention of selling its Central American operations in July 2008. One year later, the process goes on.

Negotiations are lead by a team based on Houston, U.S., and the name of the potential purchaser has not been revealed, for confidentiality reasons, informed Juan Ángel Díaz, Shell Guatemala CEO.

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