Image credit: Bomin

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Bomin Group has announced the sale of its Belgian bunkering operation to certain members of the Somers family who also have a controlling stake the tanker shipping company Somtrans.

The purchasers are to acquire 100 percent of the shares in Bomin Belgium BVBA.

The deal is subject to merger clearance and is expected to be formally concluded on December 31.

As from January 2019 the company is to be rebranded, Bomin said.

Jan Christensen, Managing Director, Bomin Group, commented: "Since we made the announcement in September that we were exiting the Belgium bunkering market, we have been in discussions with a number of parties regarding the sale of the business. I am very pleased that this agreement has been signed and that the employees of Bomin Belgium will be able to continue the business."

Commenting on the deal, Ronald Somers, CEO of the Somtrans Group, remarked: "This is a significant time for our family as we look to enter the bunkering market, providing our customers with even more value, and creating the opportunity to build longer-term, partnership-based relationships with them. In acquiring Bomin Belgium we are gaining a valuable operation, founded on integrity, quality, in-depth market knowledge and values, which are wholly attuned to ours."