Total has finalized an agreement to acquire one hundred service stations on the island of Puerto Rico. The GPR- and CITGO-branded retail outlets are spread widely across this island and they will be branded in the Total colours by the end of 2005. With this agreement Total has acquired 6% of the retail market.
This acquisition reinforce Total’s development strategy in the Caribbean, an area of rapidly growing consumption. In spring 2004, Total set up a distribution network in Jamaica, an addition to its presence in the French Caribbean islands. |