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Brooge Holdings ( (BROG) ) just unveiled an announcement.
On May 27, 2025, Brooge Energy Limited announced a conditional sale and purchase agreement to sell 100% of the share capital of Brooge Petroleum and Gas Investments Company FZE and its Phase III subsidiary to Gulf Navigation Holding PJSC. This transaction, valued at approximately USD 884 million, is part of GulfNav’s strategy to enhance its energy sector presence by expanding its storage and logistics capabilities. The acquisition is expected to drive operational efficiencies and create substantial value for stakeholders, with completion contingent on several conditions, including shareholder and regulatory approvals.
More about Brooge Holdings
Brooge Energy Limited (BEL) is a Cayman Islands-based infrastructure provider engaged in the storage and related services of Clean Petroleum Products, Biofuels, and Crude Oil. Operating through its subsidiary BPGIC FZE, the company is strategically located at the Port of Fujairah in the UAE, offering fast order processing, excellent customer service, and high accuracy blending services with minimal product losses.
Average Trading Volume: 21,031
Technical Sentiment Signal: Buy
Current Market Cap: $221.3M
Learn more about BROG stock on TipRanks’ Stock Analysis page.