Skip to content

Odfjell finalizes sale of shares in Oman tank terminal

Reference is made to the stock exchange announcement of October 17 2016, in which Odfjell SE announced that Odfjell Terminals BV, the joint venture holding company that owns and operates substantially all of Odfjell's tank terminals worldwide, has entered into an agreement to sell its 29.75% indirect  ownership in Oiltanking Odfjell Terminals  & Co. LLC ("OOT") in Oman for around USD 130 million.

Odfjell announces today that the transaction has been closed.

Odfjell Terminals BV is a joint venture between Odfjell SE (51%) and Lindsay Goldberg (49%), which currently owns ten terminals worldwide with a combined storage capacity of 4.8 million cubic meters. Odfjell Terminals' key activities include storage and distillation of bulk liquid products.


Published December 29, 2016​

Latest stories

Flumar Wins Regulatory Compliance Award for the Second Year in a Row

Read more

Honoring 30 Years of Exceptional Loyalty and Service in the Maritime Industry

Read more

Odfjell Terminals Expands Storage Capacity in Ulsan

Read more