On January 1st, 2014 Sol purchased ExxonMobil’s assets in the Bahamas, Barbados, Bermuda, Dominican Republic and Grand Cayman. This pivotal move extended Sol’s reach even further across the region and will see the continuous use of the product portfolio associated with the Esso retail offering.
In May of 2014, Sol recorded another significant development in the company’s expansion, closing off its Share Purchase Agreement with ExxonMobil and affiliates, by completing the purchase of the businesses in Guadeloupe and Martinique.
The transaction also included acquiring a 14.5% share of SARA (Société Anonyme de la Raffinerie des Antilles/ Refinery Company of the Antilles).