Vitol Investment Partnership to Acquire MISC's Shareholding in VTTI BV
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Vitol to Acquire MISC's 50% Stake in VTTI BV for $830M Cash (VTTI)
August 21, 2015 7:34 AM EDTVTTI Energy Partners (NYSE: VTTI) has been informed by VTTI BV that Vitol Investment Partnership, an investment vehicle sponsored and managed by Vitol, has agreed to acquire MISC Berhad's ("MISC") 50% shareholding in VTTI BV, which owns the general partner of VTTI Energy Partners, for cash consideration of $830 million, subject to certain conditions precedent[1]. Vitol already owns 50% of VTTI BV. VTTI BV will continue to be run as an independent, standalone company under the... More
