EQT Infrastructure has reached an agreement to sell Koole Terminals to institutional investors advised by JP Morgan Asset Management.
The agreement is subject to the positive advice of the company’s works council.
Koole Terminals was born from an integration of Koole Tanktransport and NOVA Terminals – both of which were acquired by EQT Infrastructure in 2011. Koole Terminals has eight terminals in northwest Europe with around two million m3 and 85% of that is located in Rotterdam.
Since the acquisition and integration, Koole Terminals’ storage capacity has more than tripled through organic capacity expansion and add-on acquisitions.