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

Successful completion of tap issue

Odfjell SE has successfully completed a buyback of NOK 275 million under its outstanding senior unsecured bond issue with maturity in June 2022 and ISIN NO0010796238...

Read more

Potential buyback of own bonds and tap issue

Read more

25- and 40-year anniversaries celebrated in Bergen

'You are among our most important role models and are leading by example for the next generation of Odfjell’ers. On behalf of the company: We are proud and grateful to...

Read more