Commodity Trading Firm Sells Assets As Part of Its Restructuring Plan

GP Global sold its bitumen complex in Hamriyah, with its other UAE storage facilities lined up for sale, reports Argus Media.

Bitumen complex sold out

According to market participants, Dubai-based commodity trading firm GP Global has sold its bitumen complex in Hamriyah, with its other UAE storage facilities lined up for sale as part of the company’s debt restructuring plan.

About bitumen plant sale

The Hamriyah bitumen plant, which includes a production unit and a 36,000t storage terminal for the...

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