Petróleos Delta closed negotiations to purchase Shell and will invest $ 4 million over the long term in the network of gas stations.
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.
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."
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.
"This new agreement will be verified by the Consumer Protection and Competition Authority to prevent the process to allow concentration among large companies," says Prensa.com.