Independent journal on economy and transport policy
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Glencore yields 49% of the society of bunkeraggio Chemoil-Adani to the Adani group
the share capital will become of entire property of the Indian group
October 6, 2015
The Helvetic group Glencore, one of the world leaders in the field of the raw materials that is enduring the strong impact negative determined from the crisis of the markets in which work, its participation of stopped 49% has yielded to Indiana Adani Enterprises through the branch Chemoil Energy Ltd. in joint venture Chemoil-Adani Pte Ltd., society that is active in the supply of bunker to the ships that climb in the port of Mundra and other Indian ports. The company will be therefore of entire property of the Indian group and will be renamed Adani Bunkering Pvt Ltd.
Chemoil-Adani is constituted on May 27, 2008. "Joint venture - it has emphasized a spokesman of the Adani group - has had much success in starting and to grow the activity becoming one of the main suppliers in the Indian market of the bunker".
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