Gulf Navigation in $871M Asset Acquisition of Brooge Energy

Gulf Navigation Holding, a leading maritime company listed on the Dubai Financial Market, has entered a strategic acquisition deal valued at AED 3.2 billion ($871 million) to purchase the assets of Brooge Energy, a Cayman Islands-based storage company listed on Nasdaq. The transaction includes subsidiaries such as Brooge Petroleum and Gas Investment Company and involves the issuance of Mandatory Convertible Bonds (MCBs) and new shares as part of the settlement structure. This acquisition aims to strengthen Gulf Navigation's market position and diversify its revenue streams while integrating advanced technologies in crude oil storage services with the company's maritime capabilities. Key financial and legal advisors in the transaction include Trussbridge Advisory, Pinsent Masons, and Ibrahim & Partners. Completion of this acquisition is projected for the third quarter of 2025, contingent upon satisfying the required regulatory approvals and legal terms. The deal represents a significant milestone in Gulfnav's journey to becoming a major player in the regional energy logistics space.