3i Infrastructure has agreed to sell its 45 percent stakes in four European liquid-storage terminals to Evos.
The four terminals are Oiltanking Amsterdam B.V., Oiltanking Ghent N.V., Oiltanking Malta and Oiltanking Terneuzen B.V., which collectively provide 3.8 million cubic meters of liquid storage capacity and associated services to a diverse range of customers.
3i said the entity, Evos Finance B.V., will also acquire the 55 percent stakes in the terminals held by co-shareholder Oiltanking.
Following completion of this transaction, 3i Infrastructure will retain its 45 percent stake in Oiltanking Singapore, alongside Oiltanking’s 55 percent stake.
3i will use the proceeds of the transaction to repay debt and related break costs of 3i Infrastructure’s holding company, Oystercatcher. The balance of the proceeds will be distributed to 3i Infrastructure, which is estimated to not exceed €50 million ($58 million).
“3i Infrastructure was a pione
