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OILTANKING GMBH Oiltanking completes sale of four European terminals to Evos

Transparency directive : regulatory news

29/10/2021 15:04


DGAP-Media / 29.10.2021 / 15:04

Hamburg, Germany, October 29, 2021 - Oiltanking is pleased to announce that it has completed the sale of its 55% stake in four European liquid storage terminals to Evos through its entity Evos Finance B.V. Evos, owned by funds managed by First Sentier Investors, will also acquire the 45% stake in the terminals held by co-shareholder 3i Infrastructure plc.

Oiltanking completed the divestment of the terminals following the relevant approvals by third parties. The sale was announced on September 23, 2021. Financial details of the transaction will not be disclosed.

The four terminals are Oiltanking Amsterdam B.V., Oiltanking Ghent N.V., Oiltanking Malta Limited and Oiltanking Terneuzen B.V., which collectively provide 3.8 million cubic metres of liquid storage capacity and associated services to a diverse range of customers. The divestment of the four terminals is a result of Oiltanking's strategic review to continuously optimize its asset portfolio.

Oiltanking will retain its 55% stake in Oiltanking Singapore Limited, alongside 3i Infrastructure's 45% stake.

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 41 terminals in 18 countries in the Americas, Europe, Middle East, Africa, and Asia Pacific including China and India. Oiltanking has an overall storage capacity of more than 16 million cbm.

For more information on Oiltanking, please visit www.oiltanking.com.

For media inquiries, please contact:

Douglas van der Wiel
Oiltanking Europe B.V. 
Senior Vice President EMEA 
Tel: +31 20 333 8385 
douglas.van.der.wiel@oiltanking.com

Claudia Wagner
Oiltanking GmbH
Corporate Communications (external)
Tel: +49 151 42126941
claudia.wagner@extern.oiltanking.com



End of Media Release


Issuer: Oiltanking GmbH
Key word(s): Energy

29.10.2021 Dissemination of a Press Release, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


1244867  29.10.2021 

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