Greenergy launches bid for Total’s UK forecourts

GREENERGY, a supplier of fuel to British supermarket petrol stations, has launched a £1bn-plus bid to buy Total France’s UK retail network.

Greenergy’s chief executive Paul Lester said he had held preliminary discussions with the French oil major about buying its portfolio of 780 petrol station forecourts.

The supplier, in which the world’s number three retailer Tesco owns a 35.6 per cent stake with the balance held by management and staff, is also interested in acquiring 460 forecourts from US oil firm Murco.

In February this year, Greenergy said it was eyeing a flotation in 2011.

Russian state-run firm Gazprom and US refining giant Valero were also named in March as possible bidders for Total’s UK network and its Lindsay oil refinery. The Russian company later denied the reports.

Total and Greenergy could not be reached for comment yesterday.