BB Energy Group, founded by Baha Baastne, has purchased Pioneer Energy, a diesel terminal previously owned by Morgan Stanley in Australia, via its wholly owned subsidiary Wala B Terminal Holding.
The value of the deal is more than $75 million.
This move is part of the company's global expansion strategy. Its latest acquisition is the company's first in Australia.
"We are also planning to expand into West Africa and have started to expand in Turkey," Bassatne said.
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