Financial Times: Shell unit purchase fuels DCC expansion: “DCC, the Irish sales and marketing group, has agreed to buy Shell Direct UK for €20.1m (£13.7m).” (ShellNews.net)

By Tim Digby

Published: September 28 2004

DCC, the Irish sales and marketing group, has agreed to buy Shell Direct UK for €20.1m (£13.7m). The company said the business, which distributes heating oils and transport fuels in the UK, had annual turnover of about €300m and was expected to be "modestly profitable" in the first full year of ownership.

With an estimated working capital requirement of €3m, the total investment cost will be €23.1m.

Shell Direct UK has annual sales volume of about 600m litres and employs 500 people.