Aegis Eyes $1.5 Billion Gulf Bet with Tristar Acquisition
What Happened
Aegis Logistics is in advanced talks to acquire UAE-based Tristar, one of West Asia’s largest liquid logistics companies, in a deal valued at around $1.5 billion. The companies are reportedly in exclusive negotiations, and Aegis has begun discussions with lenders to finance the acquisition.
Key Takeaways
If completed, this would be one of the biggest logistics acquisitions by an Indian company, giving Aegis a global footprint across 30+ countries and strengthening its position in energy and liquid logistics.