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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2010/11/fuel-firm-considers-forecourt-bid.jpg"><img class="alignnone size-full" title="Greenergy is reportedly mulling over a bid to supply almost half of the nation's forecourts" src="http://londonglossy.com/wp-content/uploads/2010/11/min-fuel-firm-considers-forecourt-bid.jpg" alt="Greenergy is reportedly mulling over a bid to supply almost half of the nation's forecourts"/></a></p>
<p>The UK&#8217;s top road fuel supplier, which is part-owned by Tesco, is considering a £1 billion-plus bid for forecourts owned by French oil giant Total and US firm Murco, according to reports.</p>
<p>The expansion plans would see Greenergy operate the acquired petrol stations and help it reach its target of supplying fuel to nearly half the nation&#8217;s forecourts, the Mail on Sunday said.</p>
<p>The privately-owned company, of which Tesco owns a 35.6% stake, is considering buying 780 forecourts from Total and 460 from Murco.</p>
<p>Total, the world&#8217;s fourth largest energy group, put its forecourts up for sale earlier this year as part of a review of its UK downstream operations.</p>
<p>Greenergy&#8217;s new chief executive, Paul Lester, the former boss of defence and shipbuilding group VT, told the Mail on Sunday he had held preliminary talks with the group.</p>
<p>A new five-year plan, being drawn up by Mr Lester and founder and chairman Andrew Owens, aims to double Greenergy&#8217;s market share, which would mean it supplied 3,600 of Britain&#8217;s 9,000 stations.</p>
<p>Greenergy, which was founded as a bedroom start-up in 1992, already supplies fuel to about 20% of Britain&#8217;s petrol stations, including those of BP, Shell and Texaco. It also supplies forecourts owned by Morrisons and Asda.</p>
<p>In 2002, Tesco bought a 25% stake in the company for just £1.9 million, and earlier this year bought Barclays&#8217; 10% stake. The remaining 65% of Greenergy is owned by the founders and employees.</p>
<p>With revenues of £2.8 billion and profits of about £21 million, Greenergy is estimated to be worth more than £300 million.</p>
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