Published by
Alex Hithersay,
Editorial Assistant
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.
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