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Announced

Completed

Sheikh Ahmed Dalmook Al Maktoum and Montfort completed the acquisition of Uniper Energy DMCC from Uniper.

Synopsis

Sheikh Ahmed Dalmook Al Maktoum, a private office, and Montfort, a global commodity trading and related-asset investment company, completed the acquisition of Uniper Energy DMCC, a producer and supplier of IMO 2020, compliant low sulphur fuel oils, from Uniper, an international energy company. Financial terms were not disclosed. As part of the approval, the EU Commission set out a number of structural remedies that Uniper must fulfil. One of them is the divestment of Unipers marine fuel trading business. With the completion of Uniper Energy DMCC, Uniper successfully divested the second participation of the required remedies.

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