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Deal snapshot: ZENITH ENERGY CLOSES ACQUISITION OF AMSTERDAM TERMINAL FROM BP.

MANews-(C)2009-2016

US-based liquids and bulk terminaling company Zenith Energy has completed its acquisition of a liquids storage and handling facility located in the international port of Amsterdam from British oil major BP plc (NYSE: BP), the company said.

BP will continue to be a major customer of the Amsterdam terminal. Zenith plans to invest approximately USD 100m in the Amsterdam terminal, with the goal to fully utilize its capacity for products and liquefied petroleum gas storage. The Amsterdam terminal is strategically located on the North Sea Canal in the Amsterdam, Rotterdam and Antwerp region.

Country: Netherlands

Sector: Petroleum/Natural Gas/Coal

Target: Liquids storage and handling facility in Amsterdam

Buyer: Zenith Energy

Vendor: BP plc

Deal size in USD:

Type: Corporate Acquisition

Financing:

Status: Closed

Buyer advisor: , ,

Comment: Terms of the deal were not disclosed

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Publication:M & A Navigator
Geographic Code:4EUNE
Date:Apr 27, 2016
Words:137
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