FinCo takes over oil trading firm Licorne

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FinCo takes over oil trading firm Licorne

Rotterdam / Dordrecht, August 31, 2018

FinCo Fuel Nederland B.V. (FinCo) takes over all activities of Licorne Petroleum B.V. as per the 1st of September 2018 under a new entity named Licorne Fuel B.V.

Part of the transaction are all Licorne’s oil trading activities and lubricants sales together with Licorne’s 50% shareholding in Vidol Fuel B.V. Gerrit Slurink will be responsible for Licorne as Managing Director and the full Licorne team will continue its business from the FinCo Dordrecht office with immediate effect.

FinCo is an ambitious and fast growing company in the downstream oil market in the Netherlands. The wholesale, retail, bunkering and direct sales of mineral oils and biofuels is the core business activity of FinCo which also operates under the names Gulf Nederland and Dalhuisen in the Netherlands. With the acquisition FinCo will be able to further strengthen its position in the Dutch and adjacent markets and will continue its growth strategy.

The transaction has been approved by the Authority for Consumers & Markets (ACM) in the Netherlands.

FinCo
FinCo Fuel Group is active in the downstream oil market in primarily Northwest Europe. In the Netherlands FinCo’s core business is wholesale, retail, bunkering and direct sales of mineral oils and biofuels under the name FinCo Fuel Nederland B.V. Although FinCo is a relatively new company, the shareholders of FinCo are veterans in the oil industry. Jan-Willem van der Velden en Peter Nohlmans are founders and shareholders of FinCo and form with Pieter Peeters the Board of Directors of the company.

Licorne
Licorne is a Dutch oil trading company active in the Northwest European downstream oil market since 1975 and trades mainly middle distillates and lubricants. The company is specialized in gasoil, diesel and blend components and offers clients tailor made access to ICE futures, swaps, options, biofuel tickets and CSO tickets markets.

For more information:
www.licornefuel.com