We acted for the seller, Topaz Investments Limited in the sale of Topaz Energy Group Limited, Resource Property Investment Fund plc and Esso Ireland Limited to Alimentation Couche-Tard. The agreement was signed on 2 December 2015 and completion of the sale is subject to EU competition approval.
We also acted in completion of the purchase by Topaz of Esso Ireland Limited, the owner of the Esso retail network in Ireland, which occurred on 1 December 2015.
Topaz is Ireland’s largest importer and distributor of fuel products and also operates a substantial retail petrol and convenience store network. The acquisition of Esso Ireland expanded Topaz' network in Ireland to include 464 service stations and a number of terminals and depots.
Gerry Halpenny, head of M&A at LK Shields, led the team on the sale of Topaz with assistance from partners Clair Cassidy, Jennifer McGuire, Marco Hickey, Ruairi Mulrean and others throughout the firm. Jennifer McGuire led on completion of the purchase by Topaz of Esso, assisted by Clair Cassidy, Neil O'Keeffe and other members of the team at LK Shields.