Skip to main content

NuStar Energy closes on Inter Terminals sale

Published by
Hydrocarbon Engineering,


NuStar Energy L.P. has announced that it has closed on the sale of its European terminals and related assets to Inter Terminals Ltd, which is Inter Pipeline Ltd’s European storage subsidiary, for US$270 million, plus normal closing adjustments.

The operations include six liquids storage terminals in the UK and one facility in Amsterdam.

NuStar will use proceeds from the transaction to pay down debt and fund the growth of its core operations.

Read the article online at: https://www.hydrocarbonengineering.com/tanks-terminals/04122018/nustar-energy-closes-on-inter-terminals-sale/

You might also like

Catalysts 2019

Catalysts 2019

Catalysts 2019 is an online conference for professionals in the downstream sector. Since this is a completely virtual conference, you can join us from anywhere in the world, absolutely free. Register for free today »

 
 
 

Embed article link: (copy the HTML code below):