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Odfjell to Complete 25% Share Acquisition of Antwerp Storage Terminal

8:40 AM MDT | June 6, 2012 | Sotirios Frantzanas

Odfjell says it has reached an agreement to complete the previously announced acquisition of 25% plus one share of the equity in the Noord Natie Terminal (NNT) tank storage terminal at Antwerp. The transaction is due to be completed early this month, the company says.  The acquisition, in line with the letter of intent, is valued at approximately 10 times the Ebitda of NNT. Odfjell Terminals Europe, a joint venture between Odfjell and private equity firm Lindsay Goldberg (New York), is carrying out the transaction, Odfjell...

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