Aegean Marine Petroleum Network Inc (fka ANWWQ)

[GoldiS]

The agreement between Mercuria and Aegean was for approx $532 million.

I think the reason that the employees and others in Greece haven’t physically seen any major changes is because they are confusing the bunkering business with the gas stations etc . Mercuria has only taking over the bunkering business (Aegean Marine Petroleum) ... of which The “ex President ” is no longer in place, yet he still has his own other independent company/IES (one of which I think is named - Aegean Oil ) which owns most of the local gas stations etc . These are separate entities and one does not affect the other , in this situation.

So it’s not a surprise to me that he may still be there in his office in the same space. He most likely will continue to be there running his separate entities.

It may still take awhile to see any changes . First , All the claims must be addressed and settled, then the LTU’s etc ... and then after all that.. a new private entity will be formed. They may or may not change the name but the distinctive red and blue Aegean logos may continue to stay on ships / gas stations etc .