Energy M&A » By The Online Investor Staff, updated Fri., Mar. 29, 1:33 AM
Recent mergers and acquisitions in the Energy M&A category.
Slide #98. Aegean Marine Petroleum Inc. — Hess Corporation's U.S. East Coast Bunkering Business
Acquirer: |
Aegean Marine Petroleum Inc. (ANW) |
Acquiree: |
Hess Corporation's U.S. East Coast Bunkering Business (HES) |
Details: |
Aegean Marine Petroleum Network Inc. (NYSE: ANW) ("Aegean" or the "Company") today announced the completion of the previously announced acquisition of the U.S. East Coast bunkering business of Hess Corporation (NYSE: HES). |
Aegean Marine Petroleum Network is a holding company. Through its subsidiaries, Co. markets and physically supplies refined marine fuel and lubricants to vessels. As a physical supplier, Co. procures marine fuel from refineries, major oil producers and other sources and resells and delivers these fuels using Co.'s bunkering vessels to a broad base of end users, including oil tankers, container ships, drybulk carriers, cruise ships, reefers, LNG/LPG carriers, car carriers, ferries, marine fuel traders, brokers and other users. As of Dec. 31, 2016, Co. owns a fleet of 45 bunkering vessels, all of which are double-hulls, and Co. charters in 13 bunkering vessels, all of which are double-hulls.
Open the ANW Page at The Online Investor »
Aegean Marine Petroleum Network is a holding company. Through its subsidiaries, Co. markets and physically supplies refined marine fuel and lubricants to vessels. As a physical supplier, Co. procures marine fuel from refineries, major oil producers and other sources and resells and delivers these fuels using Co.'s bunkering vessels to a broad base of end users, including oil tankers, container ships, drybulk carriers, cruise ships, reefers, LNG/LPG carriers, car carriers, ferries, marine fuel traders, brokers and other users. As of Dec. 31, 2016, Co. owns a fleet of 45 bunkering vessels, all of which are double-hulls, and Co. charters in 13 bunkering vessels, all of which are double-hulls.
Open the HES Page at The Online Investor »