Aegis Logistics to acquire 89.8% stake in Tristar Holdings for $809mn

Aegis Logistics Limited announced that its Board of Directors has approved the acquisition of an 89.8% stake in Tristar Holdings Limited through its wholly-owned step-down subsidiary, Aegis Logistics International Pte Ltd. The acquisition, valued at US$809 million in cash consideration, is expected to be completed in Q4 FY27. Tristar Holdings is an integrated liquid logistics solutions provider with global operations. This strategic move is anticipated to contribute to Aegis's overall profitability and provide long-term strategic benefits. The transaction is not a related party transaction.