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Edha Nahdi's Amsons Group has bought Oryx Energies' Tanzanian fuel business for $230 million, lifting its storage to 800,000 tons and stations to 300.
Senegalese executive Moussa Diao has led a $1 billion management buyout of Oryx Energies, beating a rival bid from tycoon Simon Tiemtoré.
Tanzania's Amsons Group is in advanced talks to acquire Geneva-based Oryx Energies for $250 million, including its Tanzania fuel and LPG assets.