Oiltanking GmbH is selling a 45 percent stake in both Oiltanking Terneuzen BV, the Netherlands, and Oiltanking Ghent NV, Belgium, to 3i Infrastructure.

 

As the majority shareholder, Oiltanking will continue to be the managing and operating partner. The terminal organisations will remain unchanged and the strategy of an independent liquid storage provider will be continued.

 

But the minority stake for 3i “capitalises 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,” an Oiltanking statement said.

 

Both facilities are located in the ARA hub. Oiltanking Terneuzen has infrastructure for petroleum products and chemicals with a total capacity of about 500,000 cbm. It 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 paper writers 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 latest deal follows 3i Infrastructure’s acquisition in 2007 of a 45 percent stake in three other Oiltanking terminals – Amsterdam, Malta and Singapore. Since then, the jersey-based investment group “has been a reliable and strong partner in these terminals”, the Oiltanking statement continued.

 

4th March 2015