Skip to main content

NuStar Energy closes on Inter Terminals sale

Published by
Tanks and Terminals,


NuStar Energy L.P. has announced that it has closed on the sale of its European terminals and related assets to Inter Terminals Ltd, which is Inter Pipeline Ltd’s European storage subsidiary, for US$270 million, plus normal closing adjustments.

The operations include six liquids storage terminals in the UK and one facility in Amsterdam.

NuStar will use proceeds from the transaction to pay down debt and fund the growth of its core operations.

Read the article online at: https://www.tanksterminals.com/terminals/04122018/nustar-energy-closes-on-inter-terminals-sale/

You might also like

Limetree Bay Terminals announces name change

Effective 8 August 2022, Limetree Bay Terminals is now doing business as Ocean Point Terminals. Ocean Point Terminals is an energy logistics hub, strategically located in the Caribbean on the island of St. Croix, U.S. Virgin Islands.

 
 

Embed article link: (copy the HTML code below):