AOT Energy is a private, global energy trading company which traces its origins back to 1947, when Baron FRÈRE founded TRANSCOMETAL to service the steel industry. Since then the TRANSCOR GROUP expanded from coal into crude oil and oil products with the acquisition of the international brand “ASTRA” in the 1980’s. In more recent years ASTRA expanded into petrochemicals, renewables and gas.
Until recently this group operated under the name ASTRA TRANSCOR ENERGY.
In late 2015 the controlling shareholder of ASTRA TRANSCOR ENERGY, the FRÈRE Group, reacted supportively to a management initiative for a Management Buy-Out.
In April 2016, Group management and key employees agreed to acquire 49% of AOT Holding Ltd (“AOTH”), the new Group parent company and were additionally granted a call option to acquire the remaining 51% in the coming years.
The FRÈRE Group will continue to be the controlling shareholders of AOTH until the call option is exercised. The FRÈRE Group is also a major investor in TOTAL, SGS, ADIDAS, IMERYS and LAFARGE-HOLCIM.
AOTH and its trading subsidiaries conduct business under the new brand name of AOT ENERGY. The Group Management of AOT ENERGY operates from headquarters in Zug, Switzerland.