Media: Acquisition means Aegean has entered talks to settle with investors

Several investors have tried to block bunker company Aegean Marine Petroleum's acquisition of HEC Europe. Now, the parties have decided to put the case on hold, reports Tradewinds.

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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