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DUBAI, March 27 (Reuters) – Tristar Transport, which is owned by Kuwaiti logistics firm Agility AGLT.KW, will purchase a 51% stake in HG Storage Worldwide from China’s HNA Group for $215 million, it mentioned on Sunday
The deal will give Tristar entry to a portfolio of storage and logistics companies for petroleum merchandise in eight nations, Agility mentioned in an announcement.
Commodities buying and selling agency Glencore GLEN.L will nonetheless personal 49% in HG Storage Worldwide.
(Reporting by Saeed Azhar; Modifying by Edmund Blair)
((Saeed.Azhar@thomsonreuters.com; +971 44536787; Reuters Messaging: saeed.azhar.reuters.com@reuters.internet))
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