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Odfjell to expand tank storage jv with US private equity firm

4:37 AM MST | December 20, 2012 | Sotirios Frantzanas

Odfjell says it has signed a letter of intent to expand its joint venture with Lindsay Goldberg (New York), a private equity firm, to include substantially all of Odfjell's tank terminals business globally. Lindsay Goldberg will acquire a 49% interest in Odfjell Terminals, Odfjell's subsidiary that holds almost all of the company's tank terminal activities. All of the remaining tank terminal activities of Odfjell will then be included in Odfjell Terminals, except minor investments, and the assets of the existing jv with Lindsay Goldberg will ultimately be fully...

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