Swedish investment house EQT is in the process of selling Dutch tank storage company Koole which could raise up to €1bn, the Financieele Dagblad says on Friday.
EQT owns 85% of the shares in Koole. The rest are owned by the Koole family and the terminal’s management. The €1bn price tag is dependent on all the shares being sold, and the family and management have declined to comment on their plans, the paper says.
Potential buyers include investors who focus on infrastructure and transport, which are seen as stable investments, the FD says. EQT took over Koole in 2010 and since then the company, founded in 1943, has made several takeovers.
Koole has terminals in Amsterdam, Zaandam, Rotterdam, Nijmegen, Britain and Poland and has 15 cargo ships, most of which use the inland waterways, the FD says. Total storage capacity now amounts to some two billion cubic metres.
Thank you for donating to DutchNews.nl.
We could not provide the Dutch News service, and keep it free of charge, without the generous support of our readers. Your donations allow us to report on issues you tell us matter, and provide you with a summary of the most important Dutch news each day.Make a donation