Aegis Logistics Approves $809 Million Acquisition of 89.8% Tristar Stake

Board approved 89.8% acquisition of Tristar Holdings via step-down arm for US$809mn cash, to execute definitive SPA. Tristar FY25 revenue US$1.4bn, EBITDA US$257mn. Completion in Q4 FY27. Reverses prior clarification of no binding deal; first large overseas integrated liquids platform across 30+ countries, a step change from domestic LPG-terminal build-out and small transfers. All-cash, non-related-party deal subject to competition approvals and customary closing. Financing mix, contingent terms and integration returns undisclosed; leverage and execution are key monitorables.