Experts Help To Secure Fuel Agreement
The Corporate team at leading law firm Irwin Mitchell has been instrumental as sole advisors in securing a deal for an independent petroleum company to provide fuel at Heathrow airport.
Mabanaft Limited has signed a deal to help Heathrow’s owners BAA to establish a fuel bunkering station for London Black Cab drivers to re-fuel at the airport. Mabanaft Limited, a leading independent petroleum distribution business, will supply the fuel in a special area provided by BAA.
Irwin Mitchell’s experienced Corporate team were the sole advisers on the deal assisting Mabanaft in setting up a Joint Venture to complete the deal.
Kevin Cunningham, Head of the Yorkshire Corporate Team at Irwin Mitchell, said: “This is an innovative arrangement for supplying taxis with fuel at one of the busiest airports in the world. This is a fantastic development for all concerned, it opens up additional revenue streams for Mabanaft, while providing a quality and much needed fuel service at Heathrow for taxi drivers.”
Mark Rolph, Managing Director of Mabanaft Limited, commented: "We are delighted to have agreed this deal with BAA. We have worked with the Irwin Mitchell team on a number of occasions and they have a proven track record of helping us complete deals.”
Irwin Mitchell’s Corporate Team has also recently led a delegation of leading professional services representatives on an international trade mission to India and advised on a major global deal to acquire PPL Polyurethane Products Ltd by global industrial group Trelleborg.