Is Vitol deal the start of an M&A wave in Singapore’s bunkering industry?
The completion of Vitol's acquisition comes amid rumours of more trading houses seeking bunkering licences in Singapore. Taking over an existing licensed player, as Vitol has done, is one way to fast-track entry into Singapore's entrenched bunkering industry
Following Vitol’s now completed acquisition, observers are questioning whether the deal involves a transfer of an existing bunkering licence in Singapore, which would facilitate future M&A deals
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