Thu 12 Nov 2015, 11:45 GMT

Koole Terminals to be sold


Agreement reached to sell company operating around 2 million cubic metres of storage capacity.



EQT Infrastructure Ltd has reached an agreement in principle to sell Koole Terminals to institutional investors advised by J.P. Morgan Asset Management - Global Real Assets. The agreement is subject to the positive advice of the company's works council.

EQT Infrastructure acquired Koole Tanktransport in February 2011, followed by the acquisition of NOVA Terminals in October 2011. The integration of both companies formed Koole Terminals, an independent liquid bulk storage provider operating a portfolio of eight terminals in North-West Europe.

The company operates around 2 million cubic metres, with 85 percent of storage capacity being located in Rotterdam - the key trade flow hub in Europe.

Koole Terminals, headquartered in Zaandam, Netherlands, handles a diversified product portfolio of fuel oil, biofuels, mineral oils, vegetable oils, chemicals, oleo-chemicals and other liquid bulk.

In reference to fuel oil and related liquid bulk products on its website, Koole Terminals says: "For oil majors and oil traders, Koole has the capacity to store K1 to K4 class products, including fuel oil, gasoline, gasoline components, ethanol, methanol, gasoil and gasoil components. In Rotterdam, Koole Minerals has dedicated facilities for its customers to ensure maximum logistics flexibility in blending to specification, heating and fast handling."

During EQT Infrastructure's ownership, the storage capacity of Koole Terminals has tripled through capacity expansion and add-on acquisitions.

EQT Infrastructure has been advised by Morgan Stanley.


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