The Bomin Group on Wednesday announced that it has signed an agreement to sell its Belgium operations to certain individuals of the Somers family, controlling the tanker shipping company Somtrans.
The purchasers will acquire 100% 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.
“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,” said Ronald Somers, CEO of the Somtrans Group.
“In acquiring Bomin Belgium we are gaining a valuable operation, founded on integrity, quality, in-depth market knowledge and values, which are wholly attuned to ours.”
Bomin announced in September 2018 it was exiting the bunker market in Antwerp.
“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,” commented Jan Christensen, Managing Director, Bomin Group.
“I am very pleased that this agreement has been signed and that the employees of Bomin Belgium will be able to continue the business.”
Related: Bomin to honour Singapore bunker contracts upon exit, says MD
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Related: Bomin closes Dubai office, appoints new MD
Related: Mabanaft: ‘Unsatisfactory’ 2017 bunker results
Related: Bomin sells off German bunker subsidiary
Photo credit: Bomin
Published: 22 November, 2018
Trading notice describing the development was circulated in the Singapore bunker market on Friday.
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