LONDON, Jan. 4, 2017 /PRNewswire/ -- Further to
the release of 24 October 2016, in which VTTI BV, VTTI
Energy Partners LP, (NYSE: VTTI) (together "VTTI") and Vitol stated
that Buckeye Partners, L.P. ("Buckeye") had signed a definitive
agreement to acquire a 50 percent equity interest in the holding
company of VTTI, we today announce that the transaction has been
completed. The joint shareholding of Buckeye and Vitol will add
greater strategic value to VTTI and will further strengthen VTTI's
position as a leading independent provider of energy storage
solutions.
About VTTI BV
VTTI BV is a fee-based, growth-oriented business formed to own,
operate, develop and acquire refined petroleum product and crude
oil terminalling and related energy infrastructure assets on global
scale. VTTI BV's assets include interests in a broad-based
portfolio of terminals that are strategically located throughout
the world with a combined total storage capacity of 54 million
barrels including assets under construction. On 1 August 2014, VTTI Energy Partners LP began
trading on the New York Stock Exchange as a master limited
partnership (MLP).
For more information:
http://www.vtti.com/
http://www.vttienergypartners.com
About Vitol
Vitol is an energy and commodities
company; its primary business is the trading and distribution of
energy products globally – it trades over 6mbpd of crude oil and
products and, at any time, has 200 ships transporting its cargoes.
Vitol's clients include national oil companies, multinationals,
leading industrial and chemical companies and the world's largest
airlines. Founded in Rotterdam in
1966, today Vitol serves clients from some 40 offices worldwide and
is invested in energy assets globally including; circa 15.5mm3 of
storage across six continents, 390kbpd of refining capacity and
Shell-branded downstream businesses in 16 African countries, as
well as Australia. Revenues in
2015 were $168 billion.
For more information:
www.vitol.com.
For more information:
Vitol:
Andrea Schlaepfer
T: +44 (0)207 973 4230
M: +44 (0)7525 403796
acs@vitol.com
VTTI:
Lisanne Kosters
M: +31(0)652526405
lis@vtti.com
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SOURCE VTTI Energy Partners LP
