Private Equity Investor EQT to Buy Westway Group for $419 M
12.21.2012 - NEWS

December 21, 2012 [Reuters] - Private equity investor EQT said it would buy bulk liquid storage provider Westway Group Inc for about $419 million, a year after the company spurned a similar buyout bid.


Westway has also agreed to sell its liquid feed supplement business and certain bulk liquid storage terminals to an affiliate of ED&F Man Holdings Limited, the company’s largest stockholder, for about $115 million.

Last year, Westway Group rejected a $6 per share buyout offer from an infrastructure investment fund saying the offer undervalued its main business.

The company’s main unit, Westway Terminals business, provides bulk liquid storage for agricultural products, oils, and chemicals, in North America, Asia and Europe.

EQT is a private equity group in Northern Europe with over 19 billion euros ($25 billion)in raised capital.

Westway will be bought out by EQT Infrastructure II fund. EQT Infrastructure II is the second fund within the private equity investor’s infrastructure investment strategy.

Tepsa Netherlands nears completion of expansion, adding nine new storage tanks
02.14.2025 - NEWS
Tepsa Netherlands is set to complete its latest storage capacity expansion, adding nine new stora... Read More
MOL Group Successfully Tested the Production of HVO and SAF at Eastern European Refinery
02.14.2025 - NEWS
February 14, 2025 [Hydrocarbon Processing]- MOL Group has produced a diesel fuel containing hydro... Read More
Verso Energy Plans €1.4bn e-SAF Production Facility in Finland
02.14.2025 - NEWS
February 14, 2025 [H2 View]- French company Verso Energy has agreed to build a hydrogen processin... Read More
PBF Refineries to Operate Up to 76% of Capacity in Q1
02.14.2025 - NEWS
February 14, 2025 [Hydrocarbon Processing]- Independent U.S. refiner PBF Energy plans to operate ... Read More