Singapore-headquartered commodities trader Mercantile & Maritime has acquired Prostar Capital’s bulk liquid storage terminal facility at Port of Fujairah in the UAE.
Investment firm Prostar Capital, which has owned GTI Fujairah (GTIF) for the past six years, said it sold the 350,000m3 flexible bulk liquid storage terminal without disclosing any financial details.
Prostar Capital’s senior managing director Steve Bickerton said: “Having…