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Back to Home » October 2012 News » Mercuria and Sinopec Kantons Establish a New International Partnership in Liquid Bulk Storage |
Mercuria and Sinopec Kantons Establish a New International Partnership in Liquid Bulk Storage |
October 15, 2012
GENEVA, SWITZERLAND--(Marketwire - Oct. 15, 2012) - Mercuria Energy Asset Management B.V. ("MEAM") a wholly owned subsidiary of Mercuria Energy Group Limited ("Mercuria"), is pleased to announce the signing of binding agreements with Sinomart KTS Development Limited ("Sinomart"), a wholly owned subsidiary of Sinopec Kantons Holdings Limited ("Sinopec Kantons"), to form a new international joint venture in liquid bulk storage. The agreed transaction includes the sale of a 50% equity interest in Vesta Terminals B.V. ("Vesta Terminals") by MEAM to Sinomart.
Source URL: http://www.marketwire.com/mw/release.do?id=1713487&sourceType=3
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