Dutch ACM authority gives thumbs up to Koole Terminals sale

The Dutch consumer and market authority ACM on Wednesday approved the sale of Dutch oil storage company Koole Terminals to institutional investors advised by JP Morgan Asset Management.

According to the regulator, the deal, that was announced in November 2015, would not impede effective competition.

Koole Terminals is currently owned by Swedish investment fund EQT Infrastructure.

EQT acquired the oil storage firm in February 2011, followed by the acquisition of Nova Terminals in October 2011. Both companies were integrated to form Koole Terminals, which operates a portfolio of eight terminals in northwestern Europe, providing storage services and a wide range of value-added handling and transshipment services. The firm handles a diversified product portfolio of mineral oils, vegetable oils, chemicals, oleo-chemicals, biofuels and other liquid bulk.

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