Vitol and IFM to acquire 50% of VTTI from Buckeye

Home Press Article Vitol and IFM to acquire 50% of VTTI from Buckeye

Vitol and IFM to acquire 50% of VTTI from Buckeye

Vitol today announces that Vitol Investment Partnership II Ltd (“VIP”), an investment vehicle sponsored and managed by Vitol, and IFM Investors (“IFM”), a global institutional funds manager, have agreed to acquire Buckeye Partners LP’s 50% equity interest in VTTI BV, the leading global independent provider of energy storage.

On completion, VTTI will be owned 50% by IFM and 50% by Vitol and VIP. It will continue to be managed by an independent management team led by Rob Nijst, CEO.
The transaction is subject to certain conditions precedent and is expected to close by year end.

 

 

Media enquiries
07 Aug 2019

ADNOC acquires stake in VTTI, owner of storage terminals in 14 countries world-wide with 60 million barrels of capacity

Read More
31 Jul 2019

Vitol and Grupo Dislub Equador announce partnership

Read More