Oiltanking sells 45% stake in Singapore port terminal to Macquarie Capital
Related M&A Transactions
Oiltanking GmbH has announced that it has entered into an agreement to sell 45% of its shares in Helios Terminal Corporation Pte. Ltd. to Macquarie Capital, subject to regulatory approvals.
Helios is a world-class fuel oil storage terminal, strategically located on Jurong Island in Singapore - one of the world's busiest ports and the main oil hub in Asia. Helios is a built-for-purpose fuel oil storage and blending facility with a total shell capacity of 503,000 cbm. The terminal is equipped with 18 tanks and it is capable of handling very large crude carriers (VLCC) sized vessels.
Upon acquisition of Helios terminal in 2012, Oiltanking regarded such acquisition to be a perfect terminal for a joint shareholding with a long-term partner. Oiltanking believes that Macquarie Capital's investment focus, access to institutional capital together with its financial market capabilities offers an excellent strategic fit.
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 73 terminals in 23 countries within Europe, North and South America, Middle East, Africa, India as well as Asia. Oiltanking has an overall storage capacity of 20.4 million cubic meters.
Macquarie Capital offers expertise across a range of advisory and capital raising services including corporate finance and advisory, equity and debt capital markets, private equity placements and principal investments.Source: Oiltanking