04 January 2011 01:59 [Source: ICIS news]
SINGAPORE (ICIS)--Singapore-listed Chemoil Energy has agreed to buy the marine fuel group business of global energy brokerage firm OceanConnect Holdings for around $25m (€18.8m), the company said in a statement late on Monday.
The deal would include OcenConnect's marine fuel business, as well as its bunker brokering and trading offices in the ?xml:namespace>
OceanConnect's former CEO Tom Reilly was named as Chemoil's new CEO and director effective 3 January, the statement added.
($1 = €0.75)
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