December 22, 2010 [RTT News] - Baltic Oil Terminals PLC said Wednesday that it has has completed the acquisition of Petroval Bunker International B.V.
Following the admission earlier today to trading on AIM of about 16.8 million new ordinary shares of 1 pence each in the company to part finance the acquisition, the company now has in issue about 78.7 million shares, each having one vote.
Earlier this month, Baltic Oil Terminals had reached an agreement to acquire Petroval Bunker International from Petroval Pte. Ltd. for US$10.8 million or around £6.9 million in cash.
