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Vitol and IFM complete acquisition of VTTI

Published by
Tanks and Terminals,


Vitol has announced that Vitol Investment Partnership II Ltd (VIP), an investment vehicle sponsored and managed by Vitol, and IFM Investors (IFM), a global institutional funds manager, have completed the acquisition of Buckeye Partners LP’s 50% equity interest in VTTI BV, the leading global independent provider of energy storage.

VTTI is now owned 50% by IFM and 50% by Vitol and VIP. It will continue to be managed by an independent management team led by Rob Nijst, CEO.

Read the article online at: https://www.tanksterminals.com/terminals/22012019/vitol-and-ifm-complete-acquisition-of-vtti/

 

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