EQT to sell Dutch Koole Terminals

Swedish investment fund EQT Infrastructure Thursday said it had reached a preliminary agreement to sell Dutch oil storage company Koole Terminals to institutional investors advised by JP Morgan Asset Management.

The agreement, whose financial details remained undisclosed, is subject to the positive advice of Koole’s works council.

EQT acquired Koole Tanktransport 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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