Standard Investment enters Gasexpress's capital to boost its growth in Spain
Published
The investment fund Standard Investment has entered the capital of Gasexpress, a Spanish fuel distribution company. The deal will serve to finance an investment plan of 40 million euros.
Thanks to this money, Gasexpress wants to expand its network of petrol stations in Spain. The company aims to reach more cities and towns and improve the service it offers its customers. According to the published information, the plan also foresees the creation of new jobs in the country.
This investment shows that financial funds remain interested in the fuel distribution sector in Spain. For Gasexpress, the entry of a new partner is an important step in its medium-term growth strategy.
In short, Standard Investment and Gasexpress are joining forces to develop a project with an investment of 40 million euros. If the plan is carried out, the company will have more service stations and will generate employment in Spain.
Sources: Demócrata
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