A subsidiary of Grindrod Limited today acquired Fuelogic (Proprietary) Limited (“Fuelogic”), which is a bulk liquid fuel transporter operating in Southern Africa under long-term contracts. Fuelogic is a primary distributor of fuel from refineries and import facilities to terminals, depots and large customers. It is also a secondary distributor of fuel from terminals and depots to customers. In addition the company also distributes LPG. The purchase consideration is R160 million.
This is only an excerpt of Grindrod’s Strategic Expansion
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