GFI Asia Holdings Pte. Ltd, a subsidiary of BGC Partners, Inc., a leading global brokerage and financial technology company, has announced that it has completed the acquisition of Ginga Petroleum (Singapore) Pte Ltd. Founded in 1998 and with over 60 employees, Ginga provides a comprehensive range of broking services for physical and derivative energy products including naphtha, liquefied petroleum gas, fuel oil, biofuels, middle distillates, petrochemicals and gasoline.
Julian Swain, deputy CEO of GFI Group, Inc., commented on the announcement: "We are delighted to complete the purchase of Ginga, a company with a strong reputation in Asia that is very complementary to our oil broking business in London."
Further details of the transaction were not disclosed.
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