GB Group announces signing of Purchase Sales Agreement (PSA) with Chevron to Acquire the Fuels Marketing and Aviation Businesses in the Dominican Republic, Jamaica and St. Maarten.

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With this transaction, GB Group will acquire the distribution and commercialization of petroleum products that Chevron currently owns in those markets.

Santo Domingo, Dominican Republic, October 31, 2011. The consortium GB Group, through its subsidiary GB Energy LTD., today announced that they have signed the Sales and Purchase Agreement to acquire Chevron assets in the Dominican Republic, Jamaica and St. Maarten.

GB Group is one of the major private industrial groups in the Caribbean, with headquarters in Haiti, and offices in Dominican Republic and Miami, FL. The Chairman of the Group, Mr. Gilbert Bigio commented: “this transaction is part of our ongoing efforts to constantly search for new opportunities to expand our downstream fuel business in the Caribbean, keeping our focus to satisfy customer needs in the markets in which we operate”.

GB Group boasts more than a century in successful business activities. The Group has more than 2,000 employees and is comprised of numerous companies, affiliates, and joint ventures, in the following sectors: Building Materials, Consumer Goods, Environmental Services, Infrastructure, Telecommunications, Trading, Transportation, and Fuels Marketing and Distribution.

As a partner for this transaction, GB Group has associated with Mr. Randal Perkins, President and CEO of AshBritt Environmental, the largest rapid-response company for disaster recovery, emergency and environmental services in United States.

In Dominican Republic, GB Group has partnered with Martí Petroleum Group, an experienced company in LPG distribution and fuel marketing business in the country.

GB GROUP & Chevron

Clement Beyda (GB Group Board of Directors member & Senior VP Consumer Goods Division), Randal Perkins (GB Energy partner), Gilbert Bigio (GB Group Chairman), Gilson Ribeiro (Chevron Portfolio Strategy Manager), Reuven Bigio (GB Group Board of Directors member & CEO), Pablo Portes (GB Group Board of Directors member & EVP Energy Division).

GB GROUP & MARTI PETROLEUM GROUP

 

 

 

 

 

 

Carlos Martí Besonias (Chairman Martí Group), Gilbert Bigio (Chairman GB Group) y Carlos José Martí (CEO Martí Group).

GB Group announces signing of Purchase Sales Agreement (PSA) with Chevron to Acquire the Fuels Marketing and Aviation Businesses in the Dominican Republic, Jamaica and St. Maarten.

Posted on

With this transaction, GB Group will acquire the distribution and commercialization of petroleum products that Chevron currently owns in those markets.

Santo Domingo, Dominican Republic, October 31, 2011. The consortium GB Group, through its subsidiary GB Energy LTD., today announced that they have signed the Sales and Purchase Agreement to acquire Chevron assets in the Dominican Republic, Jamaica and St. Maarten.

GB Group is one of the major private industrial groups in the Caribbean, with headquarters in Haiti, and offices in Dominican Republic and Miami, FL. The Chairman of the Group, Mr. Gilbert Bigio commented: “this transaction is part of our ongoing efforts to constantly search for new opportunities to expand our downstream fuel business in the Caribbean, keeping our focus to satisfy customer needs in the markets in which we operate”.

GB Group boasts more than a century in successful business activities. The Group has more than 2,000 employees and is comprised of numerous companies, affiliates, and joint ventures, in the following sectors: Building Materials, Consumer Goods, Environmental Services, Infrastructure, Telecommunications, Trading, Transportation, and Fuels Marketing and Distribution.

As a partner for this transaction, GB Group has associated with Mr. Randal Perkins, President and CEO of AshBritt Environmental, the largest rapid-response company for disaster recovery, emergency and environmental services in United States.

In Dominican Republic, GB Group has partnered with Martí Petroleum Group, an experienced company in LPG distribution and fuel marketing business in the country.

GB GROUP & Chevron

Clement Beyda (GB Group Board of Directors member & Senior VP Consumer Goods Division), Randal Perkins (GB Energy partner), Gilbert Bigio (GB Group Chairman), Gilson Ribeiro (Chevron Portfolio Strategy Manager), Reuven Bigio (GB Group Board of Directors member & CEO), Pablo Portes (GB Group Board of Directors member & EVP Energy Division).

GB GROUP & MARTI PETROLEUM GROUP

 

 

 

 

 

 

Carlos Martí Besonias (Chairman Martí Group), Gilbert Bigio (Chairman GB Group) y Carlos José Martí (CEO Martí Group).