OLA Energy Group announces it has signed an agreement to acquire TotalEnergies Marketing Ethiopia, as reported by PR Newswire in a July 7, 2026 release. The deal is presented as a step to strengthen OLA Energy’s presence across Africa by expanding its retail fuel network in Ethiopia. The acquisition includes more than 120 service stations nationwide, with locations mentioned in major cities and regions including Addis Ababa, Dire Dawa and Mek’ele. The releases describe OLA Energy as building a larger pan-African energy network through acquisitions, and they frame the transaction as increasing the company’s operating scale in the Ethiopian market. The documents refer to the signing of a share purchase agreement, but the provided summaries do not include additional deal terms such as purchase price, closing conditions, or timing. No competing views, regulatory outcomes, or market reactions are included in the supplied source material. The information therefore focuses on the agreed acquisition and the associated number and geographic spread of the service stations.
OLA Energy to Acquire TotalEnergies Marketing Ethiopia, Adding 120+ Service Stations
OLA Energy Group announces it has signed an agreement to acquire TotalEnergies Marketing Ethiopia, as reported by PR Newswire in a July 7, 2026 release. The deal is presented as a step to strengthen O...
- OLA Energy Group signs an agreement to acquire TotalEnergies Marketing Ethiopia.
- The acquisition would add more than 120 service stations in Ethiopia.
- Stations are located in cities including Addis Ababa, Dire Dawa, and Mek’ele.
- The transaction is described as a share purchase agreement.
- The provided reporting does not include purchase price, regulatory details, or expected closing timing.
PARIS, 7 juillet 2026 /PRNewswire/ -- L'acquisition ajoute plus de 120 stations-service en Éthiopie, notamment à Addis-Abéba, Dire Dawa et Mek'ele, renforçant la position d'OLA Energy en tant que réseau énergétique panafricain de référence. OLA Energy Group annonce la signature d'un Share...
1 hour agoPARIS, July 7, 2026 /PRNewswire/ -- The acquisition adds more than 120 service stations across Ethiopia, including Addis Ababa, Dire Dawa and Mek'ele, reinforcing OLA Energy's position as a leading pan-African energy network. OLA Energy Group announces the signing of a Share Purchase...
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