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Terminal News

Alkion completes acquisition of LBC assets

Alkion Terminals has completed the acquisition of a stake in LBC Sogestrol and the full ownership of tank terminals in France, Spain and Portugal.

The transaction with LBC includes a 50% shareholding of LBC in LBC Sogestrol and full ownership fo four terminals in France, two in Spain and one in Portugal.

Additionally, Alkion and Sogestran also completed the sale of Sogestran's 50% shareholding in LBC Sogestrol. Once the transaction is closed, Alkion will be the sole owner and operator of LBC Sogestrol in La Havre, France.

Following the transactions Alkion owns and operates nine terminals in four countries with a total capacity of more than one million m3. Alkion has says it intendeds to invest further in improving and expanding the assets it has acquired to provide its existing and new customers a world-class service.