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NIBC takes financial stake in FinCo Fuel Benelux

The Hague / Dordrecht, September 1, 2016

NIBC Mezzanine & Equity Partners (NIBC) and FinCo Fuel Benelux B.V. (FinCo) closed a transaction today for a financial partnership in the FinCo downstream activities in the Netherlands.

FinCo is an ambitious and fast growing company in the downstream oil market in the Netherlands. The wholesale, retail, bunkering and direct sales of mineral oils and bio fuels is the core business activity of FinCo which also operates under the names Gulf Nederland and Dalhuisen in the Netherlands.

With NIBC joining as minority shareholder FinCo will be able to further strengthen its position in the Dutch market and will continue its growth strategy. 

The trading activities of FinCo in Asia and the tank storage terminal in Amsterdam are not part of the transaction.

The Northwest European fuel market offers FinCo attractive growth opportunities because major oil companies continue to withdraw and divest from downstream oil markets which offers new and independent companies such as FinCo opportunities to increase market share. 

The transaction has been approved by the Authority for Consumers & Markets (ACM) in the Netherlands.

Earlier this year FinCo acquired next to a storage terminal in Groningen from Total and Q8 also the Gulf wholesale business and its logistics from Enviem.

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