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Grindrod Buys ABC and Expands Into ARA

Earlier this week, Grindrod Ltd, announced the acquisition of Associated Bunker Oil Contractors (“ABC”) group in Rotterdam for an undisclosed amount. ABC is a well-established physical supplier of marine bunker fuels in the ports of Amsterdam, Rotterdam and Antwerp (“ARA”), where it operates four bunkering tankers. The company also supplies marine bunker fuels for its own account.

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