Institutional investors advised by JP Morgan Asset Management have completed the acquisition of Contanda from the EQT Infrastructure II fund.
This ownership transition will allow Contanda to continue to deliver on its key strategic business objective of doubling its bulk liquid terminal storage capability by 2022 while expanding into the bulk renewable and petrochemical markets and maintaining a leading market position in the refined products, renewable fuels, chemical, and agricultural commodity sectors.
G.R. ‘Jerry’ Cardillo, CEO of Contanda, says: ‘This is an exciting time for Contanda. Our new partners recognise our long-term growth potential and are as enthusiastic as we are to further grow into the renewable and petrochemical markets.’