Aegean Marine Petroleum has completed the $100m purchase of shares previously controlled by founder Dimitris Melissanidis.

Aegean announced last month the Greek businessman was selling his ownership interest in the company but would remain as a consultant.

Today Aegean said it had bought back the 11,303,031 shares from Melissanidis, reducing its share count to 39,403,822.

President Nikolas Tavlarios told TradeWinds last month work towards Melissanidis’ exit had been ongoing for two years.

“It’s