CBL acquires majority stake in Green Marine Energy

23 Apr 2026 CW Team

CBL International has acquired a 50.5 per cent majority stake in Green Marine Energy Holdings (GMH) through its wholly owned subsidiary under a share sale and purchase agreement. The transaction includes a corporate guarantee from CBL to support payment obligations.

GMH operates two complementary businesses in Malaysia. Its first division trades feedstock used in sustainable aviation fuel (SAF) and biofuel production, supported by an established supplier and customer network. Its second division holds licences to supply conventional bunker fuel and biofuels within Malaysian waters.

The acquisition marks CBL’s entry into expanding lower-carbon fuel value chains as demand rises across maritime and aviation sectors. Malaysia is witnessing fresh investment in sustainable fuel infrastructure, with new SAF production facilities commissioned and additional capacity planned. This is expected to increase regional demand for feedstock supply.

GMH’s bunkering licences also strengthen the combined group’s ability to develop marine fuel supply capabilities at strategic ports, including Port Klang, one of the world’s busiest ports by cargo throughput. The move builds on CBL’s existing bunkering facilitation operations across the Asia-Pacific region.

CBL said the transaction enhances its long-term market position while maintaining focus on its core marine fuel logistics and bunkering business.

Real Estate

20 May 2026

WSB Invests in Omaxe for Tier II Expansion

WSB Partners, a real estate-focused investment firm, has invested Rs 750 million in Omaxe Group to support residential plotted developments in Ujjain and Indore.The investment marks WSB’s entry into Tier II markets and reflects growing institutional interest in emerging cities supported by infrastructure growth, improving affordability and rising housing demand.According to the companies, the funding will be deployed primarily as growth capital, with a portion allocated towards working capital and reserves. The investment has been undertaken alongside affiliates of WSB Partners and co-invest..

RAHSTA Awards 2026 Opens for India’s Leading Road Developers

RAHSTA (Roads and Highways Sustainable Technologies & Advancement), Asia’s leading road infrastructure platform, has officially opened nominations for the RAHSTA Awards 2026 under the Road Developers category. The awards will honour companies and organisations that are shaping India’s highway infrastructure landscape through innovation, sustainability, quality execution and efficient asset management.Scheduled alongside RAHSTA 2026 on July 8–9, 2026 at the Jio World Convention Centre, Mumbai, the awards have emerged as one of the most respected recognitions for the roads and highways..

Railways To Sell 10 per cent In PSUs To Raise Rs Two Point Six Two tn

The railway ministry has outlined a plan to sell up to 10 per cent stakes in several public sector undertakings as part of a broader asset monetisation drive. The move is designed to unlock value and generate funds for capital expenditure and network modernisation. The programme targets private participation through offer for sale and minority stake divestments across operating and finance entities. The initiative follows previous asset recycling efforts and seeks to capture market interest for strategic holdings. The target for the exercise is Rs two point six two trillion (tn) to be realised..