Repsol Sells Brazil Stations to AleSat

Brazil’s AleSat has purchased 327 service stations in Brazil from Repsol YPF for BRL130m, according to a spokesman. Bradesco was AleSat’s financial advisor. With this acquisition, AleSat says it enters the Rio Grande do Sul market, where Repsol already had 20 stations, and that it expects to increase the number to 80 by 2012. During the same period, Ale expects to increase the number of stations to 220 from 120 in Sao Paulo and to 140 from 80 in Rio. By 2010, all Repsol stations will be renamed Ale, the company says.