De Poli Tankers Holding B.V. acquired chemical tanker business of Team Tankers International Ltd. on November 25, 2020. In a related transaction, Sogestran Group agreed to acquire a majority stake in De Poli Tankers Holding B.V. De Poli Tankers used the proceeds of this transaction to complete the acquisition. The acquisition includes seven 8,000 DWT chemical stainless-steel parcel tankers and the entire organisation of Team Tankers in Marbella, Spain. De Poli Tankers Group will also commercially manage three chemical tankers for TTI for a limited period. De Poli Tankers Group will combine the acquired TTI business with its own fleet and will continue to service the existing contracts. JBR Corporate Finance and Crédit Agricole Corporate and Investment Bank acted as financial advisors to De Poli Tankers. Stephens Europe Limited and Socios Financieros S.A. acted as financial advisors to TTI. Guy Cooper of Conyers Dill & Pearman Pte. Ltd. acted as legal advisor to Team Tankers International Ltd. De Poli Tankers Holding B.V. completed the acquisition of chemical tanker business of Team Tankers International Ltd. on November 25, 2020.