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Johannesburg - Easigas and Reatile Gaz announced on Tuesday that they have entered into an agreement to merge their respective Southern African LPG operations.
Easigas is a wholly owned subsidiary of the French Rubis Group and has operations in South Africa, Swaziland, Lesotho and Botswana.
Reatile Gaz, having LPG operations in South Africa and which is active in Mozambique and Zimbabwe, is ultimately 55%-owned by Reatile Group and 45%-owned by Engen Petroleum. Reatile
Group is a black owned and managed company with diverse interests in the Southern African energy sector.
The merged operation will be 60%-owned by the French Rubis Group and 40%-owned by Reatile Gaz. According to the companies it will be a truly regional player, offering enhanced efficiency and reliability of supply to its customers through the combined LPG supply and distribution infrastructure of the parties.
"The merger will further enhance transformation in South Africa’s energy sector, and will position a black owned and managed company as a key player in the Southern African LPG
market," the companies said in a statement.
The merger is subject to the approval of all relevant competition and other authorities.
