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AFCO Holding under full control by Coloured Finches

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AFCO Holding under full control by Coloured Finches

Singapore, September 16, 2019

After a successful partnership of nearly five years Onix Energy Limited, owned by former AFCO Managing Director Mr. Ali Nael, sold its minority share to Coloured Finches, by which the latter now owns 100% of the shares in AFCO Holding Pte Ltd.

Jan-Willem van der Velden and Peter Nohlmans, founding partners of Coloured Finches and members of the board of AFCO, will continue the strategy of AFCO with strong focus on fuel products and crude across Asian and European markets as well as developing increased presence in the market for renewable fuels.