Uniper has reached an agreement to sell 100% of the shares in its United Arab Emirates-based crude oil processing and marine fuel trading business Uniper Energy DMCC to a consortium of Montfort Group and the Private Office of Sheikh Ahmed Dalmook Al Maktoum. The parties agreed to not disclose the agreed purchase price and the acquisition is expected to be completed in the coming months, subject to satisfaction of certain conditions precedent.Uniper Energy DMCC is producing and supplying IMO 2020 compliant low sulphur fuel oils to the Fujairah market – the third largest bunker fuel market in the world. The business comprises the operation of a crude processing facility in the Port of Fujairah, selling over 30 million barrels of low sulphur fuel oil to the shipping industry each year, and a trading office based in Dubai, including a team of around 25 people.
Uniper has reached an agreement to sell 100% of the shares in its United Arab Emirates-based crude oil processing and marine fuel trading business Uniper Energy DMCC to a consortium of Montfort Group and the Private Office of Sheikh Ahmed Dalmook Al Maktoum. The parties agreed to not disclose the agreed purchase price and the acquisition is expected to be completed in the coming months, subject to satisfaction of certain conditions precedent.Uniper Energy DMCC is producing and supplying IMO 2020 compliant low sulphur fuel oils to the Fujairah market – the third largest bunker fuel market in the world. The business comprises the operation of a crude processing facility in the Port of Fujairah, selling over 30 million barrels of low sulphur fuel oil to the shipping industry each year, and a trading office based in Dubai, including a team of around 25 people.
