04 January 2013 03:30 [Source: ICIS news]
SINGAPORE (ICIS)--Sinopec Kantons on 3 January completed the acquisition of a 50% interest in United Arab Emirates-based Fujairah Oil Terminal (FOT), the company said late on Thursday.
The $25m (€19.3m) acquisition was made through Sinomart Development, a wholly-owned subsidiary of Sinopec Kantons, it said. http://www.sinopec.com.hk/en/
An agreement on the deal was signed on 9 January 2012, the company added.
($1 = €0.77)
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