Netherlands: FinCo Bunkering parent firm acquires Licorne Petroleum

FinCo Fuel Nederland B.V. (FinCo), the parent company of ARA region (Amsterdam-Rotterdam-Antwerp) marine gasoil (MGO) bunker supplier FinCo Bunkering, will take over all activities of Licorne Petroleum B.V. as of 1 September, 2018 under a new entity named Licorne Fuel B.V.

FinCo operates Bunker Terminal Delfzijl, Bunker Terminal Eemshaven, Bunker Terminal Lauwersoog, Bunker Terminal Harlingen, and Bunker Terminal Den Helder.

Part of the transaction are all Licorne’s oil trading activities and lubricants sales together with Licorne’s 50% shareholding in Vidol Fuel B.V.

Gerrit Slurink will be responsible for Licorne as Managing Director and the full Licorne team will continue its business from the FinCo Dordrecht office with immediate effect.

“FinCo is an ambitious and fast growing company in the downstream oil market in the Netherlands,” says the company.

“The wholesale, retail, bunkering and direct sales of mineral oils and biofuels is the core business activity of FinCo which also operates under the names Gulf Nederland and Dalhuisen in the Netherlands.

“With the acquisition FinCo will be able to further strengthen its position in the Dutch and adjacent markets and will continue its growth strategy. 

“The transaction has been approved by the Authority for Consumers & Markets (ACM) in the Netherlands.”

Published: 6 September, 2018