Aegean Marine Petroleum Network has splashed out around $100m to repurchase shares owned by its founder Dimitris Melissanidis, who will step down as head of corporate development.
The New York-listed company is buying 11.3m shares at yesterday’s closing price of $8.81, which means it will spend $99.58m.
Melissanidis will leave his current role immediately but will remain within the company as a consultant.
He
