Sogestran takes majority stake in De Poli Tankers to jointly buy TTI’s chemical tanker business
French transportation company Sogestran Group has agreed to acquire a majority stake in De Poli Tankers, an integrated chemical tanker company based in Barendrecht, the Netherlands.
De Poli Tankers has used the proceeds of this transaction to complete the acquisition of the European-based chemical tanker business from Team Tankers International (TTI).
Specifically, the acquisition includes seven 8,000 dwt chemical stainless-steel parcel tankers and the entire organisation of Team Tankers in Marbella, Spain. De Poli Tankers Group will also commercially manage three chemical tankers for TTI for a limited period.
As explained, De Poli Tankers Group will combine the acquired TTI business with its own fleet and will continue to service the existing contracts. The company owns and operates a fleet of eight chemical tankers.
The existing top management of De Poli Tankers Group will continue in their existing roles and lead the day to day operations.
“All parties are convinced that the fleets, the geographical trading areas and the type of trades are highl complementary and as such, will provide valuable synergies and further improve service levels to all their existing clients,” the three companies said in a joint statement.