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Grindrod’s Strategic Expansion

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.

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Written by: | Categories: Freshly Minted, The Week in Review | April 29th, 2010 |

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