Photo by: Duane Daws
Liquefied petroleum gas (LPG) suppliers Easigas and Reatile Gaz will merge their respective Southern African operations to create a “truly regional player”.
The merged entity, in which Easigas parent company Rubis Group would hold a 60% interest and Reatile Gaz the balance, was aimed at improving efficiency and reliability of supply to customers through the companies’ combined LPG supply and distribution infrastructure.
The merger was also expected to further enhance transformation in South Africa’s energy sector, as it would position a black-owned and -managed company as a key player in the Southern African LPG market.
Black-owned Reatile Group holds a 55% stake in Reatile Gaz, with Engen Petroleum owning the remaining 45%.
Reatile Gaz has LPG operations in South Africa and is active in Mozambique and Zimbabwe, while Easigas has operations in South Africa, Swaziland, Lesotho and Botswana.
The merger was subject to the approval of all relevant competition and other authorities.