Alpha Trading acquires Trieste Coastal Storage Terminal from Tosto Group
Firm has acquired the Trieste Coastal Storage Terminal from Tosto Group to strengthen its position as a physical supplier of conventional and sustainable energy products in key Mediterranean ports.
Marine fuel supplier Alpha Trading on Tuesday (10 November) said it has acquired the Trieste Coastal Storage Terminal from Tosto Group to strengthen its position as a physical supplier of conventional and sustainable energy products in key Mediterranean ports.
The acquisition gives Alpha Trading full ownership of Seastock, the company holding the concession to operate the terminal.
The acquisition will be supported by an investment plan of approximately EUR 20 million (USD 2.3 million) over the next five to 10 years, aimed at improving the terminal’s efficiency and developing its infrastructure.
“The acquisition represents a natural evolution of our relationship with Walter Tosto S.p.A., with whom Alpha Trading has worked in close cooperation and mutual understanding since 2018,” Alpha Trading said in a social media post.
This story was originally published by Manifold Times. Read the full story at Manifold Times →
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