Brooge Energy Limited (BROG) to Divest Two Storage Units in $884M Gulf Navigation Deal

By Yahoo! Finance   |   1 month ago
Brooge Energy Limited (BROG) to Divest Two Storage Units in $884M Gulf Navigation Deal

Brooge Energy Limited (NASDAQ:BROG) is selling its core subsidiaries to Gulf Navigation Holding PJSC for $884 million, shifting focus in the energy logistics industry. The deal includes cash, shares, and bonds, aiming to expand Gulf Navigation's storage and transport operations.

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