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Chemical Week Magazine :: Newsbriefs
Odfjellâ€“private equity storage jv goes global
5:21 PM MST | December 20, 2012
Odfjell says it has signed a letter of intent to expand its tank storage joint venture with Lindsay Goldberg (New York), a private equity firm, to include almost all of Odfjellâ€™s tank terminals business worldwide. Lindsay Goldberg will acquire a 49% interest in Odfjell Terminals, the Odfjell subsidiary that holds almost all of the companyâ€™s tank terminal activities, and the assets of the existing jv between Odfjell and Lindsay Goldberg will become a part of Odfjell Terminals, according to the agreement. The proposed transaction is subject to due dilligence...
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