(MENAFN - EQS Group)
DGAP-Media / 22.07.2021 / 14:15
Hamburg, Germany, July 22, 2021 - Oiltanking announces today that a strategic review of its four European terminals in Amsterdam, Terneuzen, Ghent and Malta has reached an advanced stage. This review is a result of the continuous evaluation and optimization of Oiltanking's asset portfolio in line with the company's Strategy 2025 .
Oiltanking GmbH, 3i Infrastructure plc and Evos through Evos Finance B.V. intend to enter into an agreement for the sale and purchase of Oiltanking's 55% stakes in the respective entities as well as the remaining 45% held by affiliates of 3i Infrastructure.
Entering into a sale and purchase agreement is subject to the applicable Dutch and Belgian employee consultation procedures. Further announcements will be made in due course.
Oiltanking GmbH is a subsidiary of Marquard & Bahls, an agile, independent holding company in the energy & chemical sector. Oiltanking is one of the largest independent tank storage providers for gas, chemicals and petroleum products worldwide. The company owns and operates 45 terminals in 20 countries in the Americas, Europe, Middle East, Africa, and Asia Pacific including China and India. Oiltanking has an overall storage capacity of more than 18.5 million cbm.
For more information on Oiltanking, please visit .
Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.