August 12, 2013 [Oiltanking GmbH] - Oiltanking GmbH is pleased to announce that it has entered into an agreement to sell 45% of its shares in Helios Terminal Corporation Pte. Ltd. to Macquarie Capital, subject to regulatory approvals.
Helios is a world-class fuel oil storage terminal, strategically located on Jurong Island in Singapore – one of the world’s busiest ports and the main oil hub in Asia. Helios is a built-for-purpose fuel oil storage and blending facility with a total shell capacity of 503,000 cbm.
It is a state-of-the-art facility which was built in accordance with the highest technical, operational and environmental standards. The terminal is equipped with 18 tanks and it is capable of handling VLCC sized vessels.
Upon acquisition of Helios terminal in 2012, Oiltanking regarded such acquisition to be a perfect terminal for a joint shareholding with a long-term partner. Oiltanking believes that Macquarie Capital’s investment focus, access to institutional capital together with its financial market capabilities offers an excellent strategic fit.
