Vitol today announced that Vitol Investment Partnership II Ltd (“VIP”) and IFM Investors (“IFM”) have agreed to acquire a 50% equity interest in VTTI BV from Buckeye Partners LP, a leading global provider of energy storage.
On completion, 50% of VTTI will be owned by IFM and the other 50% by Vitol and VIP. The company will continue to be run by an independent management team led by Rob Nijst, CEO. The transaction is subject to certain conditions and is expected to be closed by the end of the year.
Vitol is the world’s largest independent energy trader. Owning a fleet of 250 vessels, trading over seven million barrels of crude oil per day. To put that in perspective: that’s equivalent to the daily oil use of Japan. Vitol assets include 18 million m3 of storage across seven continents. 40 offices serving airlines, multinationals, leading industrial and chemical companies and national oil companies.
If you would like to know more about Vitol, visit www.vitol.com.
IFM Investors believe in creating lasting good for its investors. Its strategy is bold, long-term sustainable investments that enhance people’s lives. Owned by 27 world-leading pension funds, the firm manages over US$31 billion in infrastructure equity globally. This makes it one of the largest infrastructure managers in the world.
For more information or general inquiries please contact Lisanne Kosters, Communications & PR