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Stock Market & Financial Investment News

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December 19, 2013
09:25 EDTANW, HESAegean Marine completes acquisition of Hess East Coast bunkering business
Aegean Marine Petroleum (ANW) announced the completion of the previously announced acquisition of the U.S. East Coast bunkering business of Hess Corporation (HES). The transaction, which includes bunkering operations that averaged 1.8M metric tons in annual sales over the past three years, is valued at $30M plus the value of the purchased inventory and also includes approximately 250,000 cubic meters of leased tank storage.
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