Vitol and IFM complete acquisition 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 completed the acquisition of Buckeye Partners LP’s 50% equity interest in VTTI BV, the leading global independent provider of energy storage.
VTTI is now 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.
Read the article online at: https://www.hydrocarbonengineering.com/tanks-terminals/22012019/vitol-and-ifm-complete-acquisition-of-vtti/
You might also like
The Hydrocarbon Engineering Podcast - Protecting against LNG pool fires
In this episode of the Hydrocarbon Engineering Podcast, Alec Cusick, Owens Corning Technical Lead, Technical Insulation, joins us to talk about the risks of LNG pool fires and methodologies to mitigate these risks.
Tune in to the Hydrocarbon Engineering Podcast on your favourite podcast app today.
