Clearwater International has advised Uniper SE (Uniper), a leading international energy company, on the sale of all its shares in Uniper Energy DMCC, their United Arab Emirates-based crude oil processing and marine fuel trading business, to a consortium of Montfort Group and the Private Office of Sheikh Ahmed Dalmook Al Maktoum. This acquisition is expected to be completed in the upcoming months, subject to the satisfaction of certain conditions precedent.
Uniper Energy DMCC produces and supplies IMO 2020, compliant low sulphur fuel oils, to the Fujairah market, the third largest bunker fuel market in the world. The business operation comprises of a crude oil processing facility in the Port of Fujairah that sells over 30 million barrels of low sulphur fuel oil to the shipping industry each year, and a trading office based in Dubai with a team of around 25 people.
Based in Duesseldorf, Uniper is an international energy company with activities in more than 40 countries, and with around 7,000 employees, makes an important contribution to secure the supply in Europe. Uniper’s core business is power generation in Europe, global energy trading, and a broad gas portfolio. The company also owns and operates gas storage facilities, with a capacity of more than 7 billion cubic meters. In addition, for its 22.5 GW of installed power-generating capacity in Europe, Uniper plans to become carbon-neutral by 2035. The company already ranks amongst Europe’s largest operators of hydroelectric plants and intends to further expand solar and wind energy, which is essential for a more sustainable and autonomous future.
Montfort Group is a global commodity trading and related-asset investment company, with a diverse portfolio of assets and innovative services across trading, shipping, retail, upstream, and downstream. They have offices in 10 countries across Europe, Africa, the Middle East, and Asia.
The Private Office of Sheikh Ahmed Dalmook Al Maktoum has a portfolio of privately and publicly held companies, focusing on energy (conventional and renewable), infrastructure, LNG, oil and commodity trading, healthcare, and agriculture industries. Through its strategic investments, the office is well-positioned to foster growth opportunities and technology innovation for its affiliate and partner companies.