In a statement, Prio said that, with this acquisition, it will now operate more than 300 service stations in the country and that "no relevant structural changes are planned".

The Vapo Group, founded in 2009 and headquartered in Guimarães, had for 10 years exclusively represented Q8 in Portugal, a brand of Kuwait Petroleum International (KPI).

"With the conclusion of the deal with Grupo Prio, Grupo Vapo is now focusing on repositioning its activity," it said in a statement.