Algas is a company which bottles, transports and markets LPG, and whose major assests are 24 bottling plants, 29 distribution deposits, 11,500 m³ of LPG storage, 210 vehicles, and a total number of 2,7million of bottles. This acquisition also includes other additional assets not linked to the LPG business.

The total volume of the Argentine LPG market totals 900,000 metric tons per year, in which Algas is one of the major companies in the sector with a market share of around 13%. Other leading companies present in the Argentine LPG market are Argon, YPF, and Autogas, who along with Algas, represent around 70% of the total. The remaining 30% is shared by more than 55 small distributors. At present, the sector is experiencing a deep restructuring process, in which managerial groups are being formed around the major international oil companies.

This operation represents the entrance of the Repsol-Astra Group, a LPG producer, in the Argentina liquid petroleum gas distribution and marketing market, in which it had not participated previously. This would bring about a vertical integration of all the business areas of this company in South America, where it has already carried out activities of hydrcarbon exploration and production, refining and marketing of oil products, distribution of natural gas and electricity.

Repsol�s activities in Argentine have gradually grown, until reaching a considerable presence. With the purchase of its stake in Astra last year, and the subsequent acquisitions through the same of Pluspetrol Energy, S.A., Mexpetrol Argentina and the recent ones of Grupo Comercial de la Plata (GCP) y JME Inversiones, Repsol has consolidated and strengthened its presence in Argentina.