Totalgaz Southern Africa signed an agreement to purchase the storage, filling and distribution assets of KayaGas.
The transaction is subject to the approval of the South African Competition Commission. KayaGas, under a new name, will continue as an importer of LPG to the industry.
Vincent Scarmure, MD of Totalgaz said, “It is an exciting opportunity to provide our products and high quality services to a wider client base.’’
Lulamile Xate, Chairman of KayaGas, said the company had achieved many things, “we proved it possible to supply the low-income market and developed innovative means of supplying domestic and commercial customers.”
“Under a new name we will concentrate on ensuring that periodic shortages of LPG will no longer plague LPG consumers,” he said.