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OLA Energy to acquire TotalEnergies in Ethiopia

PRIVATEAug 02, 2026•7 days ago

Acquiring Company

OLA Energy

Acquired Company

TotalEnergies Marketing Ethiopia

LibyaAddis AbabaEnergyOil And GasRenewable EnergyEnergyOil And Gas

Description

OLA Energy plans to acquire TotalEnergies Marketing Ethiopia's assets, facing regulatory scrutiny due to competition concerns. The acquisition includes over 120 fuel stations and significant infrastructure. The deal's approval is pending as Ethiopian authorities assess competition risks within the market.

Company Information

Company

OLA Energy

Location

Libya

About

OLA Energy, formerly known as OiLibya, has expanded its operations across Africa. The company manages more than 1,350 service stations in 17 African countries. It is owned by the Libya Africa Investment Portfolio. OLA Energy aims to consolidate downstream fuel assets throughout the continent.

Predictive Intelligence
Strategic

ML-powered predictions for OLA Energy's next move

Learn about Strategic plan

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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