AMPNIAegean Marine Petroleum Network Inc.
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Consideration for the acquisition included a mixture of accounts receivable assignments, cash and/or notes, the assumption of debt and the issue of 33percent of the equity in AMPNI. The acquisition of HEC is an important strategic move for AMPNI in line with the evolving need for green products and services in the shipping industry.
Ince & Co International Corporate Partner Matthew Stratton commented, The team were delighted to have been instructed by AMPNI on this transaction, after having worked on a number of other impressive corporate transactions recently, including the acquisition of V.Group by Advent and the acquisition of Seaway Heavy Lifting by Subsea7.
Nikolas Tavlarios, President of AMPNI, commented, "We are pleased with the confidence this banking group has shown in our business and believe their support will help drive our growth plans in the region."