Valt is a leader in trading, storage and marine transportation of asphalt products around the world. Vitol Group: Vitol Group is an energy and commodities company whose business is located worldwide, and comprises the refining, storing, distribution of and trade in mineral oils, mineral oil products and biofuels. On completion, VALT will be 100% owned by Vitol and will be integrated into Vitol’s core trading business. Valt is a leader in trading, storage and marine transportation of asphalt products around the world. Vitol, which is not named in the indictment, purchased half of Sargeant Marine in 2015. This suggests the Sargeant Marine deal was a blueprint for the scheme involving Vitol. Vitol, on transaction completion, will own 100 percent of VALT, the bitumen joint venture it established with Sargeant Marine in 2016, according to the press release. sargeant marine, inc., deerfield beach Valt is a joint venture between Vitol and Sargeant Marine. Sargeant Marine, an asphalt company, plead guilty to one count of conspiracy to violate the anti-bribery provisions of the FCPA and agreed to pay a fine of $16.6 million for bribery schemes in Brazil, Venezuela and Ecuador. “Vitol is aware of charges being brought against an individual relating to business with PetroEcuador and is cooperating with the relevant authorities,” the company said in a statement. Vitol acquired a 50% stake in Sargeant Marine in 2015 for an undisclosed amount. It builds on the strengths of both partners; Vitol’s global asphalt footprint includes production and … Federal prosecutors in Brooklyn said Sargeant Marine and … Vitol acquired a 50% stake in Sargeant Marine in 2015 for an undisclosed amount. The Vitol Group and Sargeant Marine , the world's largest asphalt trading, storage and transportation business, today announced the launch of their new asphalt trading venture VALT. In March, Vitol agreed to acquire a further 50% of VALT, the bitumen joint venture it established with Sargeant Marine in 2016. Vitol started a bitumen joint venture with Boca Raton, Florida-based Sargeant Marine in 2015 and bought it out in 2019. Vitol, which acquired a 50% stake in Sargeant Marine in 2015 for an undisclosed amount, did not immediately respond to an email seeking comment. Vitol and Korea Midland Power Co Ltd announced in February the signing of a memorandum of understanding to explore upstream, midstream and downstream project opportunities in liquefied natural gas. The Vitol Group (“Vitol”) and Sargeant Marine (“Sargeant”), the world’s largest asphalt trading, storage and transportation business, today announced the launch of their new asphalt trading venture VALT. Vitol buys stake in Sargeant Marine The Swiss trader aims to leverage the second largest fleet of asphalt carriers with deal. Sargeant Marine Inc., Boca Raton. Sargeant Marine, Inc. Sargeant Marine is active in global trading, storage and marine transportation of asphalt (bitumen) products. Vitol, which is not named in the indictment, purchased half of Sargeant Marine in 2015. Sargeant Marine Seward & Kissel. The plea agreement by Sargeant Marine Inc. is part of a broader crackdown on corrupt dealings in South America’s commodities markets. The Justice Department announced a guilty plea to FCPA charges by Sargeant Marine, Inc., a privately-owned company, based in Boca Raton, Florida. (ROTTERDAM, Netherlands) — The Vitol Group and Sargeant Marine, the world’s largest asphalt trading, storage and transportation business, have announced that Vitol will be acquiring a 50 percent interest in Sargeant Marine for an undisclosed sum. Sargeant Marine, Inc. provides asphalt transportation and storage solutions. Vitol started a bitumen joint venture with Boca Raton, Florida-based Sargeant Marine in 2015 and bought it out in 2019. Photo: Cathy Wilson/ALM A major U.S. asphalt company agreed to pay $16.6 million in fines while pleading guilty to … The Vitol Group and Sargeant Marine, an asphalt trading, storage and transportation business, announced that Vitol will acquire a 50 percent interest in Sargeant Marine for an undisclosed sum. Dutch commodities trading firm Vitol has agreed to acquire a further 50% of VALT, the bitumen (asphalt) joint-venture it established in 2016 with Sargeant Marine, a Netherlands-based asphalt trading, storage and transportation business. The Vitol Group (“Vitol”) and Sargeant Marine (“Sargeant”), the world’s largest asphalt trading, storage and transportation business, announced that Vitol will be acquiring a 50 percent interest in Sargeant Marine for an undisclosed sum. Trader and shipowner Vitol is shaking up its tanker operations by taking full control of a joint asphalt shipping venture set up with Sargeant Marine of the US. It distributes and trades bitumen and asphalt products. was pleased to represent Sargeant Marinein this middle -market M&A transaction. Consiliul Concurenţei analizează tranzacţia prin care Vitol Bitumen Investments BV din Olanda preia companiile Valt BV, Olanda, şi Sargeant Marine Bitumen SRL, informează autoritatea de concurenţă printr-un comunicat. The Vitol Group (“Vitol”) and Sargeant Marine (“Sargeant”), the world’s largest asphalt trading, storage and transportation business, today announced the launch of their new asphalt trading venture VALT. Vitol acquired a 50% stake in Sargeant Marine in 2015 for an undisclosed amount. Brooklyn federal prosecutors said Sargeant Marine and its affiliates paid bribes between 2010 and 2018 for contracts with state-owned oil companies in the three South American … It will continue to expand its customer service, leveraging the logistical […] Sargeant Marine is a global trading operation, which distributes in Rotterdam, Netherlands and Constantza, Romania. The plea agreement by Sargeant Marine Inc. is part of a broader, ongoing crackdown on corrupt dealings in South America’s commodities markets. Sargeant pleaded guilty Tuesday before a federal judge in Brooklyn to conspiring to violate the Foreign Corrupt Practices Act and was sentenced to pay a criminal fine of $16.6 million. Vitol, which acquired a 50% stake in Sargeant Marine in 2015 for an undisclosed amount, did not immediately respond to an email seeking comment. The company was founded by Harry Sargeant, Jr. in 1984 and is headquartered in Boca Raton, FL. Federal prosecutors in Brooklyn said Sargeant Marine and its affiliates paid bribes between 2010 and 2018 for contracts with state-run oil companies in the three South American countries, all of which were run by leftist governments at the time. Seward & Kissel LLP Follow Goodman on … Vitol and Sargeant Marine to form a global leader in asphalt logistics and trading The Vitol Group (“Vitol”) and Sargeant Marine (“Sargeant”), the world’s largest asphalt trading, storage and transportation business, today announced that Vitol will be acquiring a 50 percent interest in Sargeant Marine for an undisclosed sum. Alex Spiro, an attorney for Aguilar, denied the allegations. The plea agreement by Sargeant Marine Inc. is part of a broader, ongoing crackdown on corrupt dealings in South America's commodities markets. Sargeant Marine Bitumen SRL, deţinută de Valt BV, desfăşoară, în România, activităţi legate de comercializarea bitumului. Vitol and the joint venture weren’t cited in the Sargeant Marine case, and there’s no indication that the two cases are related. Compania Valt BV este deţinută, în prezent, de Vitol Bitumen Investments BV şi Sargeant Marine Cooperatief UA, Olanda. 7 December 2015 17:06 GMT Updated 8 December 2015 8:31 GMT Valt BV este activă în domeniul They bribed Brazilian officials, as well as officials of Petroleos de Venezuela SA , and paid off a senior official of … Vitol, who is not named in the indictment, bought half of Sargeant Marine in 2015. The Vitol Group, founded in Rotterdam in 1966, is the world’s largest independent energy trader. In the case involving Boca Raton, Florida-based Sargeant Marine, employees engaged in the bribery plot between 2010 and 2018, prosecutor Derek Ettinger said. Alex Spiro, an attorney for Aguilar, denied the allegations. 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