Gulf Oil and Gas accountACCOUNT

Inter Pipeline Closes Majority Sale of its European Storage Business

Source: www.gulfoilandgas.com 11/12/2020, Location: North America

Inter Pipeline Ltd. announced the successful closing for the majority of its European bulk liquid storage business to the CLH Group for cash consideration of £420 million, subject to customary closing adjustments.

The divestiture includes 18 million barrels of storage capacity across 15 storage terminals located in the United Kingdom, Ireland, Netherlands and Germany. Proceeds will be used to reduce debt, strengthen Inter Pipeline's balance sheet and assist with financing its capital expenditure program, including the Heartland Petrochemical Complex.

Inter Pipeline will continue to own and operate eight remaining terminals in Sweden and Denmark, which have approximately 19 million barrels of aggregate storage capacity.

Acquisitions and Divestitures News in Canada >>

Brazil >>  3/4/2021 - Petro Rio S.A., following best corporate governance practices and in addition to the Material Fact of November 19, 2020, informs its shareholders and ...
Spain >>  3/3/2021 - Warrego Energy Limited is pleased to announce the completion of the acquisition of a 50.1% interest in El Romeral, an integrated gas production and po...

United States >>  3/3/2021 - IOG Capital, LP reported today that, on March 2, 2021, IOG Resources LLC, one of its affiliated companies, closed on the acquisition of certain produc...
Netherlands/Holland >>  3/2/2021 - On 3 November 2020, Neste announced that it would acquire Bunge Loders Croklaan's refinery plant in Rotterdam, the Netherlands. The refinery plant is ...

United Kingdom >>  3/2/2021 - Trelleborg has signed an agreement and finalized the divestment of its offshore operation in Skelmersdale, England. The company is part of the overall...
United Kingdom >>  3/2/2021 - Seaspan Corporation, a wholly owned subsidiary of Atlas Corp., has entered into an agreement to acquire two young, high-quality 15,000 TEU scrubber-fi...




Canada Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 |

More News

Related Links

Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.