{
  "id": 1659702,
  "title": "Mumbai energy logistics giant eyes $1.5 bn UAE co",
  "url": "https://urgent.news/2026/08/18/mumbai-energy-logistics-giant-eyes-1-5-bn-uae-co",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-18T00:00:00.000Z",
  "source": {
    "name": "The Economic Times",
    "slug": "the-economic-times",
    "url": "https://economictimes.indiatimes.com/industry/transportation/shipping-/-transport/aegis-logistics-in-talks-to-acquire-uaes-tristar-for-1-5-billion/articleshow/133306137.cms"
  },
  "original_language": "en",
  "account": "Mumbai-based Aegis Logistics, a major importer, storage and distribution firm for oil and gas, is reportedly in advanced talks to acquire Tristar, a UAE-based liquid logistics company. The deal is valued at $1.5 billion, according to sources familiar with the development. The acquisition could be one of the largest in the industry, considering the recent volatility caused by the Iran-US conflict. Aegis, headquartered in Mumbai with a market capitalisation of Rs 45,156.15 crore ($4.75 billion), has been exploring financing options from European and Indian private sector lenders for the acquisition.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}