One of the largest fuel storage facilities in Estonia changes its owner
Publishedо 18 July, 2019
In early July, an agreement was signed on the acquisition of a tank terminal for storage and transshipment of oil and fuel in the port of Muuga by a wholesale and retail seller of motor fuel Olerex AS. In this way, the company, which controls a quarter of the import market of gasoline and lubricants in Estonia, will be able to optimize costs and maintain prices at a low level.
The seller is a German concern Oiltanking GmbH, which owns more than 70 oil terminals around the world, decided to sell the facility in Tallinn due to changes in the structure of the fuel market and the flow of fuel products in the Baltic region. Olerex will be able to more effectively use the existing capacity and port infrastructure which is convenient for working with cars and tankers. To complete the transaction, it remains to obtain consent from the Estonian Antimonopoly Service.
Source: baltic-course.com
The seller is a German concern Oiltanking GmbH, which owns more than 70 oil terminals around the world, decided to sell the facility in Tallinn due to changes in the structure of the fuel market and the flow of fuel products in the Baltic region. Olerex will be able to more effectively use the existing capacity and port infrastructure which is convenient for working with cars and tankers. To complete the transaction, it remains to obtain consent from the Estonian Antimonopoly Service.
Source: baltic-course.com
