EMEA News
FinCo Acquires Dutch Bunkering Business from Gulf Oil
FinCo Thursday announced that it has finalised a deal with ENVIEM for the acquisition of the Gulf wholesale fuels business / activities in the Netherlands, including Gulf's bunkering, direct sales, commercial fuels, and lubricants business areas (under Gulf Oil international licence).
Gulf terminals, barges, trucks and associated employees are part of the transaction, all of which was transferred to FinCo as of March 30, says the company.
"FinCo in cooperation with Gulf Oil International will enter into a new partnership for the marketing and distribution of lubricants in the Netherlands and Germany," stated the company.
FinCo says the acquisition is expected to reinforce the company's presence within downstream oil market in the Netherlands, enabling the company to offer "an extensive portfolio of services to its customers."
