Adnoc Logistics & Services buys tanker operator Navig8 in $1.5bn deal
Navig8’s owned fleet of 32 vessels will bolster Adnoc’s existing fleet of 57 ships
The Abu Dhabi state-owned oil company will purchase 80% of Navig8 now for $1.04bn and the remaining 20% in 2027 for up to $450m