KPI Bridge Oil has agreed to acquire OceanConnect Marine from Glencore in a deal that will create one of the world’s largest bunker suppliers.
According to a press release, the merged entity, named KPI Ocean Connect, will have a 170-strong team operating across 15 locations in different time zones globally.
KPI declined to comment on the deal's financial details. TradeWinds has sought further comment from Glencore, which wholly owns OceanConnect.
