on HMS Bergbau AG (ETR:HMU)
HMS Bergbau AG Partners with ENOC Group for Marine Lubricants Distribution
HMS Bergbau AG, a leading German commodities trading company, has signed a Memorandum of Understanding with the Emirates National Oil Company (ENOC Group). This agreement positions HMS Bergbau AG as the distribution and trading partner for ENOC's marine lubricants in Spain and Turkey. This cooperation offers HMS Bergbau AG's clients access to ENOC's marine lubricant portfolio, enhancing the company's offerings and potential growth.
ENOC Group, owned by the Government of Dubai, operates in various sectors including refining and retail, with revenues surpassing USD 20 billion in 2024. The partnership aligns with ENOC's international expansion and sustainability goals, aiming to cover over 900 ports globally.
Dennis Schwindt, CEO of HMS Bergbau AG, highlighted the partnership as a significant growth milestone and expressed enthusiasm for future integration and cooperation with ENOC Group.
R. H.
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