Assaí Acquires 18 Fuel Stations in São Paulo, Eyes Expansion to 100+

Brazilian wholesaler Assaí closed a deal to acquire 18 fuel stations from Millennium Convenience Center for up to R$ 80 million, with plans to expand to over 100 units. This marks a strategic diversification beyond its core wholesale business, potentially boosting revenue per store and customer loyalty. The move signals confidence in Brazil's retail fuel market and could pressure competitors to follow suit.