EU Approves Klesch Refinery Purchase
Regulator sees no competition concerns; Klesch announced purchase in July. EU regulators cleared U.S. entrepreneur Gary Klesch's purchase of the Milford Haven oil refinery on the coast of Wales, the European Commission said in a statement on Friday. Klesch agreed in July to buy the 135,000 barrels per day refinery from…
Klesch Eyes European Refinery
American businessman set to buy new European refinery; Klesch to complete Wales refinery deal in October. Billionaire investor Gary Klesch, about to complete the purchase of a second European refinery, is already looking to his next deal in a sector that others are scrambling to exit. After buying a struggling refinery in Wales in July…
Milford Haven Refinery to Remain Shut Until October
The Milford Haven refinery in Wales will remain idle until Klesch Group completes its acquisition from Murphy Oil, probably at the end of October, chairman Gary Klesch said on Thursday. "My guess is we will close it (the acquisition) in the end of October and re-start it (the refinery) very, very shortly thereafter," Klesch told Reuters.
