Bucharest, Romania, 6th September 2024 – Moore Audit & Advisory is pleased to announce its role in assisting the Nawaf Salameh Family Office in acquiring the Octogon Gas & Logistics liquefied petroleum gas terminal in the Port of Constanta, Romania. Moore successfully conducted comprehensive financial due diligence and a detailed tax review, supporting this critical acquisition aimed at enhancing energy security and fostering national development.
Octogon Gas & Logistics Terminal plays a key role in the energy logistics sector in Romania, and its acquisition marks a significant milestone in the strategic expansion of the Nawaf Salameh Family Office's portfolio. The financial due diligence led by Moore involved an in-depth analysis of the company’s financial statements, risk exposure, and operational performance, while the tax review ensured compliance and optimal structuring.
Mamas Koutsoyiannis, CEO of Moore Audit & Advisory, said, "We were honored to assist the Nawaf Salameh Family Office in this important acquisition. Our team’s deep experience in the Oil and Gas sector across the region allowed us to provide valuable insights into the financial and tax aspects of Octogon Gas & Logistics SRL. Throughout the due diligence process, we applied professional skepticism to ensure we fully understood the company’s potential and any risks involved. This transaction highlights Moore’s ability to deliver trusted advisory services for strategic investments."
"The acquisition of Octogon Gas aligns with our commitment to advancing energy security, not only in Romania but across Europe. Moore Audit & Advisory's exceptional diligence and analysis provided us with the confidence to finalize this transaction, and we value their role in supporting this strategic investment," said Nawaf Salameh, Founder and Chairman of the Nawaf Salameh Family Office.
"Moore’s deep expertise in both financial analysis and tax structuring was crucial to the success of this acquisition. Their extensive experience in the Oil & Gas sector ensured that we fully understood the complexities involved, enabling us to make well-informed decisions. We greatly appreciated their attention to detail and look forward to future collaborations," added Stelios Savva, CEO, NSS OIL & GAS.
This acquisition reinforces the strategic growth and impact of the Nawaf Salameh Family Office in key sectors like energy and logistics, setting a strong foundation for continued expansion.
About Moore Audit & Advisory:
Moore Audit & Advisory is a global leader in financial advisory, audit, and tax services. As part of the Moore Global Network, Moore operates in more than 100 countries, delivering tailored solutions to clients across a broad range of industries. Moore Audit & Advisory has offices in Romania and Republic of Moldova. Its aim is to Our aim is to contribute at the creation of a healthy business environment and to be recognized as one of the most trusted professional services firms in Romania and Republic of Moldova by providing bespoke business solutions of the highest international standards. To learn more about the company, visit https://moore.ro/