Announced
Completed
Financials
Sources
Tags
Private
Integrated Oil and Gas
Single Bidder
Acquisition
Friendly
Germany
Cross Border
Majority
Completed
liquefied natural gas
Synopsis
Vitol, an energy and commodities trader, completed the acquisition of a majority stake in Liquind, a supplier of gas for transport. Financial terms were not disclosed. “We expect gas to become an important low emissions fuel for the trucking industry in Europe, with the market moving from LNG to bioLNG over time. We are delighted to be investing in one of Europe’s leading gas-for-transport companies and working alongside management to extend Liquind’s footprint and offering," Russell Hardy, Vitol CEO.
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