Marine fuels firm Alpha Trading has acquired 100% of the shares in Seastock S.r.l., the concession holder of the Trieste Coastal Terminal, from the Tosto Group.
Alpha Trading, which operates in marine bunkering, biofuels and bitumen, has been present at the Trieste terminal as a physical bunker supplier since 2018, it said in an emailed statement on Tuesday.
The acquisition forms part of the company's development and investment strategy, aimed at strengthening its position as a physical supplier of energy products in major Mediterranean ports.
The Tosto Group, headquartered in Italy's Abruzzo region, has subsidiaries in Italy, Romania and the UAE. It specialises in manufacturing pressure components for the energy, nuclear and oil and gas sectors and said it had completed a process of rationalisation and focus on its core business.
Alpha Trading was advised by law firm Pavia & Ansaldo, Deloitte Audit & Assurance and BPM Engineering, while the Tosto Group received advice from Deloitte Tax & Legal, Deloitte Strategy & Transactions and B&P – Butti & Partners.
