Lindsay Goldberg considering a sale of its 49% stake in Odfjell Terminals B.V. Odfjell SE considering a tag along of its shareholding in Odfjell Terminals Rotterdam
Odfjell SE ("Odfjell") has been informed by Lindsay Goldberg ("LG") that they are considering a sale of its 49% shareholding in Odfjell Terminals B.V. ("OTBV").
Odfjell continues to consider Odfjell Terminals (OTBV) as core business and are committed long term to owning, developing and operating tank terminals. However, as a part of LG's considered sale, Odfjell will evaluate selling its indirect 51% shareholding in OTBV subsidiary Odfjell Terminals Rotterdam ("OTR").
LG has been Odfjell's joint venture partner in OTBV's US and European terminals since 2011. In 2013, the partnership was expanded to include OTBV's global terminal operations.
Contact:
Bjørn Kristian Røed, Manager IR and Research
Tel: +47 5527 4733
Email: bkr@odfjell.com
Kristian Mørch, CEO Odfjell SE
Tel: +47 476 88 476
Email: kristian.morch@odfjell.com