Glencore plc has completed the sale of a 51% interest in HG Storage International Limited (HGSI) to HNA Innovation Finance Group Co., Limited (HNA), after the transaction was announced in March last year.  

HGSI is a new vehicle which has consolidated Glencore’s petroleum products storage and logistics businesses into a global portfolio of high-calibre assets, located in strategic trading hubs across Europe, Africa, the Middle East and the Americas. 

Glencore and HNA have also entered into a second agreement which will see three of the original transaction assets located in the U.S. being transferred into HGSI in 2018.

For more information visit www.glencore.com

3rd Jan 2018

3rd January 2018