THE FRENCH PETROL COMPANY EXECUTIVES VISITED THE D.R
TOTAL, the French petrol multinational, closed business with Putney Capital Management, partner of VICINI, through which they acquired 70% of the Dominican company, V-Energy, which operates 130 Shell stations in the country. In one month, the first 130 SHELL stations will become TOTAL, and said process will be completed before the year ends.
The French petrol, will make a millionaire investment in the image transformation and opening of more stations, which as first step, will offer premium fuel (Excellium), which features an additive for high-performance and two important features: fuel saver and less pollution. During the first 45 days, the stations that will become TOTAL stations are the ones in the Samaná Highway all the way to Santo Domingo, the Arenoso crossing, and also under development, a new station in the Punta Cana Boulevard, and another in the Jarabacoa exit, in Hato Nuevo, which will open soon.
During a luncheon held with directors and media reps, the chief executives for TOTAL and Putney Capital Management and V-Energy, assured this is a multimillion-dollar investment that will create job opportunities, with TOTAL’s entrance in the country, a company that runs 600 stations in 8 Caribbean countries, now 9 with the Dominican Republic.
The remaining 30% of the shares will remain under Putney’s control, keeping an important role as local partner.
During the luncheon held at the Embassy Suites at Silver Sun, among the attendees were Dolores Serrano, Communication Manager for the Americas division for TOTAL; Edgar Pichardo; Helvet Allibert, VP for Marketing at TOTAL; Francis Jan, VP for World Business and member of the Management Committee for Marketing & Services at TOTAL; Philippe Jaurrey, Rafaél Vélez, VP for Putney; Bertrand Fontanges and Demetrio Almonte.