March 1, 2018 / 9:40 AM / 8 months ago

Varo expands its German retail business through acquisitions

LONDON, March 1 (Reuters) -

* Varo Energy B.V. said it acquired Gerber Energie GmbH, a heating oil and diesel marketer, as well as five automated retail sites from Wengel&Dettelbacher GmbH

* Varo said the acquisitions "will contribute to growing synergies between refining and storage, by optimising margins"

* The deal is expected to close at the end of the first quarter 2018

* Financial details were not disclosed

* Varo shareholders include private investment firm Reggeborgh, Carlyle International Energy Partners and commodities trader Vitol (Reporting by Ahmad Ghaddar; editing by Jason Neely)

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