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Tanks for Sale – Stolt Nielsen Acquires Stake in Marstel Terminals

Two weeks ago, we reported on Lindsay Goldberg’s investment in Odfjell’s tank terminals. This week we learned that Stolt-Nielsen agreed to acquire a majority stake in Marstel Terminals, a company which owns nine liquid bulk facilities, with a capacity of 177,000 cbm, in Australia and New Zealand. Stolt will purchase a 70% interest in the company with the founders, Graham and Anne Catley, retaining 30% of the equity and remaining as managers. According to management, the addition of these terminals will be complementary to the company’s regional tanker operations in Asia Pacific.

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Written by: | Categories: Freshly Minted, The Week in Review | June 16th, 2011 |


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