13 March 2006 00:00 [Source: ICB]
The European Commission has cleared DSV’s takeover of Frans Maas (ICIS Chemical Business 16 January). Wholly-owned DSV subsidiary, DFDS Transport, has agreed with Frans Maas to make a cash offer of €38 per share, which expires on 21 March.
Dubai-based distributor Petrochem Middle East plans to open an office in India this year. The company hopes to get a licence by June after it applied soon after the Indian government deregulated the distribution of chemicals three months ago. The company sells around 55 000 tonne/year of product on the Indian market, including esters, glycols and solvents.
Brenntag Oil & Gas Europe has won a key certification for its health, safety and environmental (HSE) practices. The Safety Checklist Contractors (SCC) certificate is an international safety checklist that is recognised in several European countries. Brenntag said that more and more multinational chemical companies are demanding this certification from contractors and it is very often a prerequisite for tendering for contracts.
Dubai’s Gulf Energy Maritime signed a loan agreement with Mashreqbank on 1 March for two of its ordered product/chemical tankers (ICIS Chemical Business 30 January). The $90m agreement is for the Gulf Baynunah and Gulf Jumeirah.
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