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Chevron Ltd &
DCC PLC
Update Date: 08/19/08
Date Announced: 08/15/08
Value (million $USD): 40.8 million U.S. Dollar
21.9 million British Pound
Status: Pending
TRANSACTION DETAILS
Date Announced08/15/08
Date Originally Announced08/15/08
FormatAcq. of AssetsAcquisition techniquesDivestiture
AttitudeFriendlyAgencyn/a
Value40.8 million U.S. Dollar
21.9 million British Pound
Advisor Feesn/a
SYNOPSIS
UK - DCC PLC of Ireland agreed to acquire Chevron Ltd, a London-based wholesaler of fuel, heating oils and other petroleum products, from Chevron Corp, for 21.86 British pounds (27.588 euros/$40.841 mil US) in cash.
TARGET
NameChevron Ltd
IndustriesPetroleum and petroleum products wholesalers, nec; Combination utilities, nec
CityLondon
Staten/a
NationUnited Kingdom
Incorporated inn/a
Public StatusSubsidiary
Business DescriptionChevron Ltd, located in London, United Kingdom, wholesales and distributes fuel and heating oils to commercial, industrial, agricultural and domestic customers principally in southern England and Wales. The company operates from 26 trading locations and has a fleet of 167 road tankers.
AdvisorsNULL
Target Sales12.26 billion U.S. Dollar
6.26 billion British Pound
ACQUIROR
NameDCC PLC (London : DCC)
IndustriesComputers and peripheral equipment and software; Medical, dental, and hospital equipment & supplies; Groceries and related products, nec; Computer and computer software stores; Air and water resource and solid waste management; Dwelling operators, except apartments
CityDublin
Staten/a
NationIreland-Rep
Incorporated inn/a
Public StatusPublic
Business DescriptionDCC PLC, based in Dublin, Ireland, retails and markets liquefied petroleum gas and oil products to commercial, industrial, domestic, catering and agricultural customers. The company also markets and wholesales computer hardware and software products to computer resellers, high street retailers, computer superstores, on-line retailers and mail. It also markets and wholesales medical, surgical, IV pharmaceutical, mobility & rehabilitation and laboratory products. The firm also markets and wholesales healthy foods, snackfoods, fresh coffee and wine to a broad range of catering convenience stores, food services and multiple grocer customers. The company provides specialist waste management services to the industrial and commercial sectors and operates as a builder of houses, apartments and related commercial development and provides supply chain management services. The company was founded in 1976.
AdvisorsNULL
Acquiror Sales8.72 billion U.S. Dollar
5.53 billion EURO
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