Abu Dhabi-listed Agility Global is contemplating the sale of a stake in its fuel logistics subsidiary, Tristar. This decision forms part of an overarching strategy to unlock value for shareholders. Tristar, a major player in fuel logistics, counts renowned petroleum companies such as ADNOC, Saudi Aramco, BP, ENOC, Exxon Mobil, and Shell among its clients. This move symbolizes a strategic reevaluation by Agility Global, which is 51% owned by Kuwait-listed Agility Public Warehousing Company. The sale is one of the options being evaluated with advisors.
Logistics, Energy, Investment & M&A,United Arab Emirates, Kuwait
https://www.zawya.com/en/business/transport-and-logistics/abu-dhabi-listed-agility-global-considers-selling-stake-in-fuel-logistics-firm-tristar-sn16wqm5