Lindsay Goldberg has announced plans to sell its 49% shareholding in Odfjell Terminals.
The private equity company has been Odfjell’s joint venture partner in Odfjell Terminals’ US and European terminals since 2011. In 2013, the partnership was expanded to include Odfjell Terminals’ global terminal operations.
Odfjell has said that, as part of LG’s considered sale, it will evaluate selling its indirect 51% shareholding in Odfjell Terminals Rotterdam. It says in a statement that it ‘continues to consider Odfjell Terminals as core business and are committed long-term to owning, developing and operating tank terminals’.