Omnia Holdings, Autumn Storm divest their majority stake in Umongo Petroleum

SOUTH AFRICA – Omnia Holdings (Omnia), a diversified chemicals company, and minority shareholder Autumn Storm have negotiated a deal to sell a majority stake in Umongo Petroleum, a supplier of lubricant additives, base oils, process oils and chemicals as well as technical solutions to lubricant blend manufacturers in sub-Saharan Africa. The transaction will see Orkila South Africa (Orkila) – a…

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