Amsons Group acquires Oryx Energies’ Tanzania fuel business in $230 million deal
Originally published by KBC Digital — Read the original article →
Amsons Group has agreed to acquire Geneva-based Oryx Energies’ downstream oil business in Tanzania in a transaction valued at more than US$230 million.
The acquisition will transfer Oryx Energies’ downstream operations in Tanzania to Amsons Group, including retail service stations, storage terminals and distribution infrastructure.
The transaction is part of Oryx Energies’ ongoing review of its downstream assets in Africa. Completion remains subject to regulatory approvals and other customary conditions.