FRANKFURT, Germany, Jan 24, 2026 (BSS/AFP) - A US takeover of a major German operator of fuel storage sites has been approved, Berlin said Friday, despite warnings about the new owner's close links to US President Donald Trump. "The TanQuid Group is being taken over by a leading, experienced, internationally active company in the field of energy infrastructure and fuel distribution," a ministry spokeswoman said. But Sunoco's parent company is Energy Transfer (ET), a Texas-based pipeline operator whose billionaire CEO Kelcy Warren is a major Trump donor. When the sale of the German group by its former Australian owners Macquarie was first announced last year, lawmakers from the Greens party raised concerns. TanQuid stores a huge number of products including petrol, diesel and kerosene as well as various chemicals and biofuels and also operates pipelines.
