Aegis Logistics to buy 89.8% of Dubai-based Tristar Holdings for $809 million

The Economic Times reports that Aegis Logistics’ board approved the proposed Tristar acquisition on October 13. The $809 million equity consideration includes contingent payments and interest on deferred consideration. Tristar operates in more than 30 countries, providing maritime logistics, road transport, tank storage and fuel services. Closing is expected in the fourth quarter of FY27, subject to regulatory approvals and other conditions.