Logistics firm Tristar plans to list on Dubai Financial Market exchange


DUBAI, March 23 (Reuters) – Logistics firm Tristar said on Tuesday that it intends to go public and list on the Dubai Financial Market exchange.

The Dubai-based company is offering up to 24% of shares to investors, that will comprise new shares and shares held by existing shareholders, it said in a statement.

Tristar, a liquid logistics provider catering to the needs of the petroleum and chemical industries, expects to receive between $120 million and $160 million of proceeds from the sale, it said.