Explorer's Gascan buys network operations in Portugal for €1.5m
Explorer Investments-backed Gascan, a propane gas distributor, has spent €1.5m acquiring various network operators in Portugal.
The acquisition sees Gascan increase its customer portfolio in Portugal to 70,000. The networks are located in Viseu, Aveiro, Bragança, Coimbra, Coimbra, Aveiro, Braga, Porto and Faro.
Explorer acquired Gascan from Babcock & Brown Infrastructure in July last year.
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