December 1, 2010 [EQT] - EQT Infrastructure has made an irrevocable offer to the shareholders of Koole Tanktransport B.V. (“Koole” or the “Company”) to acquire the Company.
The shareholders have accepted the offer, subject to the advice of the Company’s works council on the transaction. Completion of the transaction will furthermore be conditional upon all anti-trust approvals having been obtained.
Koole is the leading independent storage terminal operator for edible oils and fats, biofuels, oleochemicals and certain base oils. The Company is located in the port of Rotterdam, which is Europe’s principal deep-sea port and home to the most significant cluster of the edible oils and biofuels industry. In addition, Koole has business activities related to the transshipment and control/measurement of the mentioned products. Koole’s assets include a deep-sea terminal in Rotterdam, regional hub terminals in Zaandam and Nijmegen, three coasters as well as fifteen inland barges. The Company has been family-owned since 1943. The sellers intend to partly reinvest their exit proceeds in the Company.
