USTC Acquires 60% Stake in CM Biomas

Home Community Industry News USTC Acquires 60% Stake in CM Biomas

  • This topic is empty.
Viewing 1 post (of 1 total)
  • Author
    Posts
  • #5516
    Greensea Systems
    Keymaster

    USTC has acquired 60% of CM Biomass, the world’s largest independent wood pellet trading company, a move designed to consolidate USTC as a global force in shipping and trade. 

    USTC, which has a long history within commodity trade, shipping, and logistics, has acquired the stake of CM Biomass, a company in the
    Copenhagen Merchants Group. The remaining 40% will be held by the existing owners, and the CM Biomass management team and the organization will remain unchanged with Simon Rodian Christensen as its CEO. 

    CM Biomass will form a new and separate entity in the USTC portfolio that already includes companies like Bunker Holding, SDK FREJA, Uni-Tankers, and Unit IT.

    Read more by visiting MarineLink.com

Viewing 1 post (of 1 total)
  • You must be logged in to reply to this topic.

Greensea Systems, Inc.

10 East Main Street :: PO Box 959 :: Richmond, VT 05477 :: USA
802.434.6080 :: info@greensea.com
www.greensea.com

Subscribe to our Briefing for News, Updates, and Product Enhancements

Subscribe to our Briefing for News, Updates, and Product Enhancements





    Holler Box