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Energy M&A image Energy M&A » By The Online Investor Staff, updated Wed., Aug. 5, 2:51 PM Recent mergers and acquisitions in the Energy M&A category.

Slide #98. Aegean Marine Petroleum Inc. Hess Corporation's U.S. East Coast Bunkering Business

Acquirer: Aegean Marine Petroleum Inc. (ANW)
Acquiree: Hess Corporation's U.S. East Coast Bunkering Business (HES)
Details: Aegean Marine Petroleum Network Inc. (NYSE: ANW) ("Aegean" or the "Company") today announced the completion of the previously announced acquisition of the U.S. East Coast bunkering business of Hess Corporation (NYSE: HES).

Aegean Marine Petroleum Network is a holding company. Through its subsidiaries, Co. markets and physically supplies refined marine fuel and lubricants to vessels. As a physical supplier, Co. procures marine fuel from refineries, major oil producers and other sources and resells and delivers these fuels using Co.'s bunkering vessels to a broad base of end users, including oil tankers, container ships, drybulk carriers, cruise ships, reefers, LNG/LPG carriers, car carriers, ferries, marine fuel traders, brokers and other users. As of Dec. 31, 2016, Co. owns a fleet of 45 bunkering vessels, all of which are double-hulls, and Co. charters in 13 bunkering vessels, all of which are double-hulls.

Open the ANW Page at The Online Investor »

Aegean Marine Petroleum Network is a holding company. Through its subsidiaries, Co. markets and physically supplies refined marine fuel and lubricants to vessels. As a physical supplier, Co. procures marine fuel from refineries, major oil producers and other sources and resells and delivers these fuels using Co.'s bunkering vessels to a broad base of end users, including oil tankers, container ships, drybulk carriers, cruise ships, reefers, LNG/LPG carriers, car carriers, ferries, marine fuel traders, brokers and other users. As of Dec. 31, 2016, Co. owns a fleet of 45 bunkering vessels, all of which are double-hulls, and Co. charters in 13 bunkering vessels, all of which are double-hulls.

Open the HES Page at The Online Investor »

Company Name: 
Aegean Marine Petroleum Network Inc
Stock buyback: 
ANW buyback
Website: 
www.ampni.com
Sector: 
Oil & Gas Equipment & Services
Company Name: 
Hess Corp
Stock buyback: 
HES buyback
Website: 
www.hess.com
Sector: 
Oil & Gas Exploration & Production
Number of ETFs Holding HES: 
97
Total Market Value Held by ETFs: 
$2.14B
Total Market Capitalization: 
$15.12B
% of Market Cap. Held by ETFs: 
14.15%
 

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