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Tristar Transport announces plan to float IPO


Tristar Transport announces plan to float IPO
DUBAI, 3 hours, 48 minutes
ago
Tristar Transport, a leading global integrated liquid logistics solutions provider headquartered in Dubai, UAE, has announced its intention to proceed with an initial public offering (IPO) on the Dubai Financial Market (DFM).
Established in 1998 as a road transport service provider for the petroleum industry in the UAE, Tristar has evolved into a leading integrated energy logistics company serving a diversified customer base of blue-chip investment grade companies. The Group has operations in 21 countries and territories across three continents and has over 2,000 road transport assets and 35 maritime vessels, including the operation of 69 fuel farms and over 100 remote fuel sites, providing a wide spectrum of integrated service offerings. ....

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Tristar pulls Dubai IPO as investors push back on valuation


Tristar pulls Dubai IPO as investors push back on valuation
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Tristar pulls Dubai IPO as investors push back on valuation
Tristar’s IPO was slated to be the second listing in three years on the Dubai Financial Market
April 14, 2021
Middle Eastern logistics firm Tristar Transport has pulled its initial public offering in Dubai, dealing a blow to the city’s attempts to revive the stock market.
Tristar has informed Dubai’s main bourse that the IPO has been withdrawn, CEO Eugene Mayne told ....

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