Bomin Group, a supplier of marine fuels, has agreed to sell its Belgium operations to certain individuals of the Somers family, controlling the tanker shipping company Somtrans.
As informed, the purchasers will acquire 100 percent of the shares in Bomin Belgium, located in Antwerp.
Subject to merger clearance, the deal is expected to be formally concluded on December 31, 2018. As from January 2019, the company will be rebranded.
In September this year, Bomin revealed plans to exit the bunker markets in Antwerp and Singapore ahead of the 2020 sulphur cap.
“Since we made the announcement in September that we were exiting the Belgium bunkering market, we have been in discussions with a number of parties regarding the sale of the business. I am very pleased that this agreement has been signed and that the employees of Bomin Belgium will be able to continue the business,” Jan Christensen, Managing Director, Bomin Group, commented.
“This is a significant time for our family as we look to enter the bunkering market, providing our customers with even more value, and creating the opportunity to build longer-term, partnership-based relationships with them,” Ronald Somers, CEO of the Somtrans Group, said.
The Bomin Group has been active in the bunker business for more than 40 years via its subsidiaries. The company is 100 percent owned by Mabanaft.