LBC Tank Terminals and Alkion Terminals have signed two sale and purchase agreements for eight tank terminals in France, Spain and Portugal.
Alkion, which was established in 2016 as a new independent operator focusing on western Europe, will acquire 50% shareholding of LBC in LBC Sogestrol and the full ownership of four tank terminals in France, two in Spain and one in Portugal.
Additionally, Alkion and Sogestran also signed an agreement whereby Alkion will acquire the 50% shareholding of Sogestran in LBC Sogestran, which means that once complete Alkion will be the sole owner and operator of the facility in Le Havre, France.
The agreements will help fulfil Alkion’s ambition to create a network of tank terminals that primarily serve the hydrocarbon downstream supply chain. It currently owns a terminal in Amsterdam.
Once the transactions are complete, Alkion will be operating well over one million m3 of tank capacity at nine terminals in four countries.
In a statement, Alkion says that the new terminal additions are located in key locations offering high quality service to an extensive portfolio of long-term customers based on an excellent reputation. The company intends to invest further in improving and expanding the assets to provide its existing and new customers a ‘world-class service’.
Vincent Levita, founder and CEO of InfraVia, says: ‘The acquisitions are a true milestone in building Alkion into a European wid provider of independent tank storage services to the petroleum and chemical industry. We are excited to take over these high quality assets and we look forward to supporting the further growth of the platform.’