World Fuel Services To Pay $191M For UK Fuel Distributor

Law360, New York (January 6, 2014, 1:53 PM EST) -- A unit of Miami-based fuel logistics company World Fuel Services Corp. will acquire Watson Petroleum Ltd., one of the largest fuel distributors in the United Kingdom, for £117 million ($191 million), the company announced Monday.

World Fuel said in a statement that its acquisition of Watson Petroleum will be funded through cash on hand and the company's existing credit facilities. Watson Petroleum is a Brinkworth, England-based distributor of gasoline, diesel, heating oil, lubricants and other products and related services across England and Wales.

Watson Petroleum, which...
To view the full article, register now.