- Carlyle Group (CG) and the Vitol Group will each own a 50% stake in the enlarged Varo Energy Group with three core areas: Refining, wholesale distribution, and storage.
- "Carlyle is committed to the creation of this major new midstream energy business in North-West Europe. It offers an exciting opportunity to combine our international oil and gas experience with the resources we have available in Carlyle’s global energy platform.”
- Press release
Carlyle to create major midstream energy business in Europe
Dec 19 2013, 07:48 ET