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Alfaro, Dávila & Scherer acted as Financial Advisor to Iconn in connection with its acquisition of Shell’s downstream businesses in Mexico, a transaction encompassing key components of Shell’s mobility and fuel distribution operations in the country.
The transaction included Shell’s Trading & Supply business in Mexico, together with fuel import licenses and marketing permits. As part of the transaction, Iconn also entered into a brand licensing agreement that will allow the Shell brand to continue operating in the Mexican market following completion of the acquisition.
The acquisition represents a significant expansion of Iconn’s presence in Mexico’s fuel retail and distribution sector. Iconn already operates an extensive retail and service-station network in the country through businesses including Petro Seven and 7-Eleven, positioning the company as an established participant in Mexico’s convenience retail and mobility markets.
The transaction received approval from Mexico’s National Antitrust Commission and was subsequently completed, allowing Iconn to assume the acquired downstream operations while maintaining the presence of the Shell brand in Mexico under the licensing arrangement.
Through its role as Financial Advisor, Alfaro, Dávila & Scherer advised Iconn in connection with this strategic acquisition and the associated transaction process.
