22.07.2021

Oiltanking announces advanced stage of strategic review of four European terminals


 


DGAP-Media / 22.07.2021 / 14:15

Hamburg, Germany, July 22, 2021 - Oiltanking announces today that a strategic review of its four European terminals in Amsterdam, Terneuzen, Ghent and Malta has reached an advanced stage. This review is a result of the continuous evaluation and optimization of Oiltanking's asset portfolio in line with the company's Strategy 2025.

Oiltanking GmbH, 3i Infrastructure plc and Evos through Evos Finance B.V. intend to enter into an agreement for the sale and purchase of Oiltanking's 55% stakes in the respective entities as well as the remaining 45% held by affiliates of 3i Infrastructure.

Entering into a sale and purchase agreement is subject to the applicable Dutch and Belgian employee consultation procedures. Further announcements will be made in due course.

Oiltanking GmbH is a subsidiary of Marquard & Bahls, an agile, independent holding company in the energy & chemical sector. Oiltanking is one of the largest independent tank storage providers for gas, chemicals and petroleum products worldwide. The company owns and operates 45 terminals in 20 countries in the Americas, Europe, Middle East, Africa, and Asia Pacific including China and India. Oiltanking has an overall storage capacity of more than 18.5 million cbm.

For more information on Oiltanking, please visit www.oiltanking.com.

For media inquiries, please contact:

Douglas van der Wiel
Oiltanking Europe B.V.
Senior Vice President EMEA
Tel: +31 20 333 838
[email protected]

Claudia Wagner
Oiltanking GmbH
Corporate Communications (external)
Tel: +49 40 37004-7571
[email protected]



End of Media Release


Issuer: Oiltanking GmbH
Key word(s): Energy

22.07.2021 Dissemination of a Press Release, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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1220969  22.07.2021 

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