Joining Forces on Two Fronts – Grindrod and Vitol Combine Coal Businesses

Last week, Grindrod Limited and the Vitol Group announced that they have entered into an agreement under which Vitol will acquire from Grindrod a 35% interest in the company which owns the Maputo coal terminal concession for $67.7 million. In addition, Vitol and Grindrod will enter into a partnership (65% Vitol / 35% Grindrod) to combine their respective sub Saharan coal trading businesses.

This is only an excerpt of Joining Forces on Two Fronts – Grindrod and Vitol Combine Coal Businesses

Content is restricted to subscribers. To continue reading please Log-In or view our subscription options.