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Brazil/UK: CADE okays ship fuel joint venture

By  |  September 19, 2013

Brazil’s antitrust regulator CADE has reportedly cleared the proposed joint venture between EBX group and the UK’s Strategis Ltd, which is part of BP Group. The venture will result in a new company that sells bunker fuel, which is fuel used aboard ships, at Brazil’s Acu Port.

According to local media, the cooperation will be called NFX.

EBX is owned by Eike Batista, who sold his stake in LLX before the joint venture deal was born. The new company will reportedly rent space at the port from LLX.

Full Content: Reuters

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