Aegis Logistics to buy 89.8% Tristar stake for $809m.

Aegis Logistics Limited

will acquire an 89.8% stake in Tristar for $809 million. The deal expands its global energy logistics presence through a cash consideration via its Singapore subsidiary. The board approved the purchase of 89.8% in Dubai-based Tristar Holdings. The equity value is $809 million including contingent and deferred interest. Completion is targeted for Q4 FY27 subject to regulatory approvals. The key triggers are the $809 million deal size and 89.8% stake. This moves Aegis into international liquid logistics across more than 30 countries. Peers such as Adani Ports, Gateway Distriparks and Allcargo may face comparison on expansion scale. Near-term prices could react to the announcement. Risks include regulatory delays and integration costs. Competitors listed: Adani Ports, Gateway Distriparks, Allcargo. We have no financial interest in this news.