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On 31 March 2017 Glencore plc (Glencore) announced the sale of a 51% interest in HG Storage International Limited (HGSI) to HNA Innovation Finance Group Co., Limited (HNA) a transaction which was completed on 29 December 2017.

 

HGSI has consolidated Glencore's petroleum products storage and logistics businesses into a global portfolio of high-calibre assets, located in strategic trading hubs across Europe, Africa, the Middle East and the Americas.

 

HGSI intends to expand its global footprint through acquisitions and organic growth supported by its shareholders

 

 

Raising Concerns