Greek bunker company Aegean Marine Petroleum has entered talks to settle with three shareholders looking to block the bunker company's acquisition of HEC Europe, reports Tradewinds citing documents from a US federal court in New York.
In connection with Aegean's fourth quarter interim report, the company announced that it would purchase the remaining shares in HEC Europe limited, which owns a group of companies that provide various port services, including removing oil remains from ships. The acquisition is worth around USD 367 million. However, three investors have blocked the acquisition with a temporary restraining order, according to Tradewinds.
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