The money raised will form a key component of the company’s $870mn acquisition of Brooge Energy
GulfNav
Latest in GulfNav
acquisition
Dubai’s GULFNAV acquires Brooge Energy in AED 3.2bn strategic deal
The acquisition is expected to strengthen GULFNAV’s market position and boost its operational efficiency and competitive edge
acquisition
GULFNAV shareholders approve Brooge Energy asset buyout in AED3.3bn deal
The acquisition includes Brooge Petroleum and Gas Investment Company FZE, Brooge Petroleum and Gas Investment Company Phase III FZE, and BPGIC Phase 3 Limited
Dubai
GulfNav forms JV company with Monaco-based Scorpion Services
Black Marlin, the JV company, will be located in Dubai and will manage eight vessels at the time of launch – four from each partner
acquisition
Dubai’s GulfNav reveals plan to acquire Brooge Petroleum
The Fujairah company has a capacity store 6.3 million barrels of oil; Transaction expected to be completed in the fourth quarter
