Vitol Investment Partnership and IFM Investors will acquire Buckeye Partners' 50% equity interest in VTTI.
Once complete, VTTI will be owned 50% by IFM, a global institutional funds manager, and 50% by Vitol and Vitol Investment Partnership.
It will continue to be managed by an independent management team led by CEO Rob Nijst. The transaction is subject to certain conditions precedent and is expected to close by year end.
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