Inter Terminals to acquire NuStar’s liquid storage business
Published by Alex Hithersay,
Editorial Assistant
Hydrocarbon Engineering,
Inter Pipeline Ltd has announced that its European storage subsidiary, Inter Terminals Ltd, has entered into an agreement to acquire 100% of the issued share capital of NuStar Energy LP’s European bulk liquid storage business (NuStar Europe) for cash consideration of US$270 million.
The transaction is expected to close in 4Q18 and is subject to customary closing conditions.
NuStar Europe consists of seven coastal terminals totalling 9.1 million bbls of storage. One terminal is located in Amsterdam, the Netherlands with the remaining facilities located in the UK near London, Runcorn, Eastham, Grangemouth, Clydebank and Belfast.
Read the article online at: https://www.hydrocarbonengineering.com/tanks-terminals/31102018/inter-terminals-to-acquire-nustars-liquid-storage-business/
You might also like
Axens technology selected for two new gas treatment plants in Kuwait
Axens is supplying process design packages for gas treatment at two plants located in North Kuwait, whose EPC is managed by SPETCO and Jereh, respectively.