Vitol and IFM to acquire 50% of VTTI
Published by Alex Hithersay,
Editorial Assistant
Hydrocarbon Engineering,
Vitol has announced that Vitol Investment Partnership II Ltd (VIP), an investment vehicle sponsored and managed by Vitol, and IFM Investors (IFM), a global institutional funds manager, have agreed to acquire Buckeye Partners LP’s 50% equity interest in VTTI BV, an independent provider of energy storage.
On completion, VTTI will be owned 50% by IFM and 50% by Vitol and VIP. It will continue to be managed by an independent management team led by Rob Nijst, CEO.
The transaction is subject to certain conditions precedent and is expected to close by year end.
Read the article online at: https://www.hydrocarbonengineering.com/tanks-terminals/05112018/vitol-and-ifm-to-acquire-50-of-vtti/
You might also like
The Hydrocarbon Engineering Podcast - Education and training for every phase of the insulating system design process
In this episode of the Hydrocarbon Engineering Podcast, Brandon Stambaugh, Owens Corning Director for Technical Services, joins us to discuss engineers’ demand for education and training to support the critical phases that affect the performance and longevity of insulating systems.
Tune in to the Hydrocarbon Engineering Podcast on your favourite podcast app today.
