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Aegis Logistics acquires Shell Gas India
6 April 2010: Aegis Logistics has acquired 3.23 crore equity shares of Shell Gas (LPG) India. However, the company did not disclose the financial details of the transaction.
On 31 December 2009, Aegis Logistics had entered into a share purchase agreement with Shell Gas (LPG) India to acquire it.
Shell Gas (LPG) India has a gas infrastructure facility at Pipavav Port and a LPG filling plant in Gujarat. The company is also in the business of import and marketing of wholesale LPG.
Aegis Logistics provides supply chain management services to the petroleum and chemical industry by storing, moving and distributing petroleum and chemical products to the end user.
Source: Hindu Business Line