Lime Petroleum is a joint venture company incorporated under the laws of Norway and is the holding company of Rex Group’s Norway, Germany and West African subsidiaries.
Rex International has increased its interest in subsidiary Lime Petroleum to 89.74% from 80.14%, via a share swap agreement.
The group signed the agreement with Monarch Marine Holding, which saw the acquisition of 9.6% of shares of Lime Petroleum from Monarch, in consideration of Rex Technology Investments transferring 40% of shares in Xer Tech (Xer Sweden) to Monarch.
