Compañía Española de Petróleos, S.A.U. signed an agreement to acquire Sociedades Paz, Sociedades Villanueva and Sociedades Villanueva-Mateo from Paz Oil Company Ltd. (TASE:PZOL) and Villanueva Gomez SL in December 2016. The deal is subject to the approval of Comisión Nacional de Mercados y Competencia. The agreement also includes the act of changing brands.

Compañía Española de Petróleos, S.A.U. completed the acquisition of Sociedades Paz, Sociedades Villanueva and Sociedades Villanueva-Mateo from Paz Oil Company Ltd. (TASE:PZOL) and Villanueva Gomez SL on July 5, 2017. The National Commission for Markets and Competition had approved the deal.