Oiltanking Divests Minority Shareholding in Oiltanking Terneuzen and Oiltanking Ghent
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 participation capitalizes part of the value created over the years within these well operated facilities and will fund the world-wide growth of Oiltanking’s independent storage terminal network.
Both terminals are located in the ARA region, one of the world’s major hubs for petroleum products and chemicals. Oiltanking Terneuzen, a state-of-the-art terminal in the Netherlands, offers storage infrastructure for petroleum products and chemicals. The terminal disposes of a total capacity of about 500,000 cbm, has several jetty positions and provides access to important international road and rail networks. Oiltanking Ghent is one of the largest independent storage terminals for petroleum products, biofuels and chemicals in Belgium with a total capacity of more than 1 million cbm. Next to berths for seagoing vessels and barges, road and rail connections, the terminal is also connected to the Central European Pipeline System (CEPS).
The present transaction follows 3i Infrastructure’s acquisition in 2007 of a 45% stake in three Oiltanking terminals – Amsterdam, Malta and Singapore. Since then, 3i Infrastructure has been a reliable and strong partner in these terminals. Oiltanking is therefore pleased to expand the existing partnership after 3i Infrastructure succeeded in a competitive bidding process.
Oiltanking GmbH is a subsidiary of Marquard & Bahls AG, Germany, a leading petroleum company, privately owned. Oiltanking is the second largest independent tank storage provider for petroleum products, chemicals and gases worldwide. The company owns and operates 72 terminals in 22 countries within Europe, North and South America, Middle East, Africa, India as well as Asia. Oiltanking has an overall storage capacity of 19 million cubic meters.
3i Infrastructure plc is a Jersey-incorporated, closed-ended investment company, listed on the London Stock Exchange and regulated by the Jersey Financial Services Commission. The company is a long-term investor in infrastructure businesses and assets. The company’s market focus is on core economic infrastructure in developed economies, principally in Europe, in the utilities and transportation sectors, investing in operational businesses which generate long-term yield and can provide capital growth. It also has investments in social infrastructure and is building its exposure to primary PPP and low risk energy projects. 3i Investments plc, a wholly-owned subsidiary of 3i Group plc, is authorized and regulated in the UK by the Financial Conduct Authority and acts as Investment Adviser to 3i Infrastructure plc.