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Texaco sale continues

01 November, 2005
Page 5 
Texaco has disposed of a further 17 sites – 14 to Petrol Express and three to Somerfield. The move is part of Texaco’s plan to dispose of all its company-owned sites and focus on its independent dealers. Texaco now has fewer than 100 sites left to sell.
Texaco has disposed of a further 17 sites – 14 to Petrol Express and three to Somerfield. The move is part of Texaco’s plan to dispose of all its company-owned sites and focus on its independent dealers. Texaco now has fewer than 100 sites left to sell.Ron Haacke, director at Petrol Express, says the acquisition gives his group a much stronger position in the market: “The retention of the Texaco brand, already a fuel supplier for Petrol Express, gives us a strong retail offer in this sector of the market.”Meanwhile Somerfield now has 225 forecourts. “All Texaco sites will be redeveloped over the next two to three years,” said a spokesman. “We aim to enlarge most of the sites to create more retail space by extending or rebuilding.”