The Lebanon-based company BB Energy, one of the largest oil traders in the world, has decided to enter Turkish fuel market and it has become the majority shareholder in the local company Citypet.
Citypet is one of the youngest companies in Turkish fuel market, which was established in 2015 and started opening its petrol stations last year. So far, the company commissioned 30 petrol stations and plants to open additional 60 by the end of the year.
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Tags: acquisition, BB Energy, Citypet, fuel, retail network, Turkey