EastOne to acquire a 50% stake of Geo Alliance from Vitol.

EastOne, an investment advisory firm, agreed to acquire a 50% stake of Geo Alliance, a oil and gas exploration and production group, from Vitol, an energy and commodities trader. Financial terms are not disclosed. “Throughout the 9 years, our partnership with Vitol has been productive and constructive. We are grateful to our partner for his support and contribution to the development of Geo Alliance Group" Mykhailo Bilostotsky, Geo Alliance Representative.