September 27, 2021 [evos] – Evos is pleased to announce that it has entered into a binding agreement with Oiltanking GmbH and 3i Infrastructure plc to purchase through its entity Evos Finance B.V. 100% ownership of their terminals in Amsterdam, Terneuzen, Ghent and Malta.
This agreement is in line with Evos’ vision and First Sentier Investors´ long-term infrastructure investment philosophy to create a leading tank storage platform with presence in the key European liquid bulk hubs.
The acquisition will be funded through a capital increase at Evos by First Sentier Investors and additional debt financing.
Marcus Ayre, Head of Infrastructure Investments Europe of First Sentier Investors said “We are delighted to have reached an agreement on the acquisition of the terminals in Amsterdam, Terneuzen, Ghent and Malta. This diversified portfolio of world-class liquid bulk storage terminals provides an excellent fit with First Sentier’s existing platform, Evos, and with our long-term infrastructure investment philosophy.
We look forward to working with the incumbent management team and employees to continue to develop and grow the combined business.”
Koert Schouten, CFO of Evos, said “We welcome the terminals in Amsterdam, Terneuzen, Ghent and Malta to our platform. Evos will now have a total capacity of 6.2 million cbm across its 8 terminals for the storage of oil products, chemicals, and renewable fuels. We will continue our drive for safety and service excellence.
Our increased scale will enable us to provide an even better service offering to our customers and will facilitate the pursuit of energy transition opportunities, together with our customers, in line with our ambition to be a frontrunner in new sustainable energy products.”
The sale is subject to customary closing conditions. Completion of the transaction is expected to occur in Q4 2021.
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