Gulf Navigation Reports Progress in Brooge Takeover as New Board Takes Charge
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Dubai-listed Gulf Navigation Holdings says its move to acquire Fujairah-based bulk liquid storage company Brooge Petroleum and Gas Investment Company (BPGIC) is once again underway now that a new board has been installed at its NASDAQ-listed parent Brooge Energy Limited.
Gulf Navigation gave a target closure date in the fourth quarter of 2023 when it first announced its proposal to acquire BPGIC in October that year.
