Vitol borrows $700m for Petrol Ofisi acquisition
![Vitol230x150.png](https://assets.euromoneydigital.com/dims4/default/4f7db1e/2147483647/strip/true/crop/260x150+0+0/resize/840x485!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2Fc4%2F97%2F805072e9973c4cb1d3a0377649b2%2Fvitol230x150.png)
VIP Turkey Enerji, a subsidiary of oil and commodity company Vitol, has signed a $700m syndicated loan with 14 banks to finance the acquisition of Petrol Ofisi, Turkey’s largest oil distribution company.
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