Amsons Group acquires Oryx Energies’ Tanzania fuel business in $230 million deal
The completion of the transaction is subject to the necessary regulatory approvals and other customary conditions The post Amsons Group acquires Oryx Energies’ Tanzania fuel business in $230 million deal appeared first on KBC Digital .
Amsons Group has agreed to acquire Oryx Energies' downstream oil business in Tanzania in a transaction valued at over US$230 million. The acquisition will transfer Oryx Energies' downstream operations, including retail service stations, storage terminals, and distribution infrastructure, to Amsons Group. This acquisition is part of Oryx Energies' ongoing review of its downstream assets in Africa and will increase Amsons Group's fuel storage capacity from 300,000 metric tonnes to 800,000 metric tonnes.
The deal is expected to expand Amsons Group's presence in the energy and logistics sectors, strengthening domestic fuel security and anchoring Tanzania as a vital regional logistics hub for East and Central Africa.
Brief written by urgent.news from KBC's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- Amsons Group acquires Oryx Energies Tanzania business kahawatungu.com
