Amsons Group Expands Energy Presence with Oryx Energies Acquisition

Amsons Group has agreed to acquire Oryx Energies’ downstream oil business in Tanzania for over $230 million.

The acquisition will expand Amsons Group’s fuel storage capacity and retail network across East and Central Africa.

Key Details

• The transaction is subject to regulatory approvals and other customary conditions.
• Amsons Group’s fuel storage capacity is expected to increase to 800,000 metric tonnes.
• The group’s retail network is expected to expand to approximately 300 service stations.

Source: KBC Digital. AI-assisted summary.