GP Global acquires lubricants assets of Nigeria’s Grand Petroleum
GP Global, an energy-to-agriculture conglomerate, has acquired Nigeria-based Grand Petroleum’s lubricants assets, to strengthen its presence in Nigeria and West Africa, for an undisclosed sum.
Grand Petroleum is a part of Nigeria’s Nosak Group, the company said in a statement.
The acquisition includes assets such as a lubricants brand (HiSpeed) and a blending plant with annual capacity of about 50,000 tonnes in Lagos, which includes storage tanks with a capacity of 6,000 kilolitres.
GP Global, an energy-to-agriculture conglomerate, has acquired Nigeria-based Grand Petroleum’s lubricants assets, to strengthen its presence in Nigeria and West Africa, for an undisclosed sum.
Grand Petroleum is a part of Nigeria’s Nosak Group, the company said in a statement.
The acquisition includes assets such as a lubricants brand (HiSpeed) and a blending plant with annual capacity of about 50,000 tonnes in Lagos, which includes storage tanks with a capacity of 6,000 kilolitres.
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