September 2000

Discontinuation of the Mabanaft Location in France

Marquard & Bahls’ success is attributable among other things to its ability to withdraw from unprofitable ventures whenever necessary. In late 2000, a lack of prospects leads to Mabanaft’s decision to give up its French office. Mabanaft S.A.R.L. has been active in France since 1984 with mixed success. The 1994 takeover of the French company Bricout Nynäs France has initially provided a much-needed boost. However, the difficult market structures have an increasingly adverse effect on the business’s development. Other independent oil trading businesses are also withdrawing from France in ever increasing numbers. With Mabanaft’s departure, the last free importer leaves the country.