Swedish investment company EQT has received more than 10 offers for its oil storage group Koole Terminals.
Reuters reports that the business has been valued at more than €1 billion, citing several people familiar with the deal.
More than 10 tentative bids have been received, mainly from infrastructure investors, the sources are quoted as saying.
Earlier in September reports emerged that EQT, which owns an 85% stake in the company, was looking to sell its shares. The rest are owned by the Koole family and the terminal’s management.
EQT took over Koole Terminals in 2010. The company has terminals in Amsterdam, Zaandam, Rotterdam, Nijmegen, Britain and Poland.