News

Oiltanking divests minority shareholding in Oiltanking Amsterdam, Malta and Singapore

03.08.2007 - Hamburg:
Oiltanking GmbH announces today that they have made an agreement under which 3i Infrastructure Limited will acquire 45% of the shares of the Oiltanking terminal facilities in Amsterdam, Malta and Singapore. 3i Infrastructure is a Jersey-incorporated investment company, admitted to the London Stock Exchange in March 2007, which invests in and provides financial and strategic support to infrastructure businesses.

This agreement is retroactive 1st January, 2007 and is subject regulatory approval. As part of the transaction Malta Freeport Corporation Limited has agreed to divest its 30% shareholding in Oiltanking Malta Limited.

As the majority shareholder, Oiltanking will continue to be the managing and operating partner. The terminal organizations will remain unchanged and the strategy of an independent liquid storage provider will be continued. This minority divestment capitalizes part of the value created over the years within these well-operated facilities and will fund the targeted world-wide further growth of the Oiltanking independent storage terminal network.

Oiltanking Malta currently has an additional 70K cubic meters under construction that will further strengthen its hub position within the Mediterranean petroleum storage market. The new tanks will increase the total storage capacity to 526K cubic meters.

Oiltanking Amsterdam extends its storage capacity with another 150K cubic meters. The new tanks will further strengthen the market position of Oiltanking Amsterdam as the preferred gasoline blending platform in the ARA region. In combination with the various earlier announced expansions this will bring the total capacity of Oiltanking Amsterdam close to 1.6 million cubic meters towards the end of 2007.

With its latest capacity expansion of 30K cubic meters underway, Oiltanking Singapore will operate a multi-functional petroleum terminal of close to 1.3 million cubic meters that serves the local and regional market from its strategic location on Jurong Island.

Oiltanking, a division of Marquard & Bahls AG, Germany, is one of the largest independent tank storage providers for petroleum products, chemicals and gases world-wide. Oiltanking owns and operates 74 terminals in 21 countries in Europe, North and South America, Middle East, India and Asia. The group has an overall capacity of 12 million cubic meters. 

For more information, please visit www.oiltanking.com and www.mbholding.com

For media enquiries, please contact:

Mr Gust Spaepen
Managing Director
Oiltanking GmbH           
Tel:+49 40 370 990
Email: gust.spaepen@oiltanking.com

Mr Daan Vos
GM Asia Pacific, Middle East&Europe
OiltankingGmbH
Tel:+49 40 370 990
Email: daan.vos@oiltanking.com