Key highlights
Acquisition Completion
Greenergy has completed its acquisition of Armorine, a French supplier of fuels and lubricants, after receiving final competition clearance. The acquisition, initially announced in June, encompasses all of Armorine's subsidiaries and operations.
Armorine's Background
Founded in 1932, Armorine has established itself as a reliable supplier in the industry. Its operations include the import and distribution of fuels, production of lubricants, and logistics capabilities through a national network of oil depots and supply sites.
Strategic Expansion
This acquisition marks Greenergy's entry into the French market, aiming to leverage the combined strengths and expertise of both companies to drive growth and enhance offerings in the region.
