EQT Infrastructure Limited has reached an agreement in principle to sell Koole Terminals to institutional investors advised by J.P. Morgan Asset Management - Global Real Assets. The agreement is subject to the positive advice of the company's works council.
EQT Infrastructure acquired Koole Tanktransport in February 2011, followed by the acquisition of NOVA Terminals in October 2011. The integration of both companies formed Koole Terminals, a leading, independent liquid bulk storage provider operating a portfolio of eight terminals in North-West Europe.
The company operates around 2 million cubic meter with ~85% of storage capacity being located in Rotterdam, the key trade flow hub in Europe. Service offering comprises best-in-class storage services and a wide range of value-added handling and transshipment services tailored to needs of customers and supported by its own shipping fleet.
Koole Terminals handles a diversified product portfolio of mineral oils, vegetable oils, chemicals, oleo-chemicals, biofuels and other liquid bulk. During EQT Infrastructure's ownership the storage capacity of Koole Terminals has tripled through organic capacity expansion and add-on acquisitions.
EQT Infrastructure has been advised by Morgan Stanley.
EQT Infrastructure is a EUR 1.2 billion fund investing in medium-sized infrastructure businesses in the Nordic region, parts of Continental Europe, and North America. Investment targets are regulated infrastructure, concession-based infrastructure, market-based infrastructure and infrastructure-related services.