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VTTI MLP B.V.

Company Summary

Description

VTTI Energy Partners LP (NYSE: VTTI) (the "Partnership") today announced that its wholly owned subsidiary, VTTI MLP Holdings Ltd., has completed its acquisition of an additional 8.4% equity interest in VTTI MLP B.V. ("VTTI Operating") and associated pro-rata net debt from VTTI MLP Partners B.V. for cash consideration of $96.2 million (the "Acquisition"). Following the completion of the Acquisition, the Partnership indirectly owns a total economic interest of 51.0% and a 51.0% indirect voting interest in VTTI Operating.

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http://otp.investis.com/clients/us/vtti/usn/usnews...

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Company Transactions

Date: 1/4/2017
Type: Acquisition

DETAILS:

COST: 1.15 $B

VOLUMES: 54 MM Bbls

NOTES:
Acquisition of a 50% stake in VTTI.
REGIONS:
  • International