Acquiring Company
ADNOC Logistics & Services
Acquired Company
Frontline
Abu Dhabi
SeattleEnergyOil And GasRenewable EnergyLogisticsOtherInformation TechnologyBiotechnologyAgriculture and FarmingSoftwareHealth CareMedicalAnalyticsCannabisDescription
ADNOC Logistics & Services has acquired five very large crude carriers from Frontline for approximately $590 million. This acquisition is part of ADNOC's strategy to expand its fleet amid supply chain disruptions in the Middle East. The acquisition will enable ADNOC to enhance its logistics capabilities for oil transportation. Additionally, ADNOC has ordered more tankers in anticipation of future demand.
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Based on deal dataFrequently asked
Who acquired Frontline?
Frontline was acquired by ADNOC Logistics & Services, based in Abu Dhabi. The deal was reported on August 12, 2026. ADNOC Logistics & Services is a subsidiary of the state-owned Abu Dhabi National Oil Company (ADNOC). It specializes in logistics and maritime services. ADNOC Logistics & Services is privately held and operates in Energy.
When did ADNOC Logistics & Services acquire Frontline?
ADNOC Logistics & Services's acquisition of Frontline was reported on August 12, 2026. ADNOC Logistics & Services has acquired five very large crude carriers from Frontline for approximately $590 million. This acquisition is part of ADNOC's strategy to expand its fleet amid supply chain disruptions in the Middle East. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Frontline do?
Frontline Education is a leading provider of school administration software, connecting solutions for human capital management, student and special programs, and business operations with powerful analytics to empower educators. It is publicly traded (TLRY), operating in Other, and is based in Seattle.