Fri 14 Dec 2012, 12:42 GMT

EU approves Bergen Bunkers acquisition by OW Bunker


Norwegian firm will retain its brand name and operate as a wholly owned subsidiary of OW Bunker.



On 12 December 2012, the European Commission announced that it has decided under Article 6(1)(b) of the EU Merger Regulation to approve the acquisition of Bergen Bunkers by O.W. Bunker.

Bergen Bunkers has offices in Bergen and St Petersburg, and provides fuel and lubricants to some of Norway's leading ship owners and operators, as well as global customers. The company employs 12 members of staff, and will retain its existing brand name, operating as an integrated and wholly owned subsidiary of OW Bunker.

Commenting on the news in October, Sveinung Juvsett, Managing Director, Bergen Bunkers AS, said: "OW Bunker provides a good strategic fit for Bergen Bunkers. With the financial strength and global scale of OW Bunker there are clear synergies between both organisations, which we plan to optimize for the benefit of all our customers."

Götz Lehsten [pictured], Executive Vice President, OW Bunker, said: "This is a significant acquisition for OW Bunker that further strengthens our operations in Scandinavia. Bergen Bunkers is an excellent brand name with a great reputation, and provides us with a good opportunity to further grow our position in an important region for our customers."



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