Reported about 11 hours ago
Mitsui OSK Lines Ltd., a Japanese shipping company, has agreed to purchase petrochemical storage operator LBC Tank Terminals from French private equity firm Ardian SAS for approximately $1.7 billion. This acquisition aligns with Mitsui OSK's strategy to diversify its portfolio, moving towards non-shipping revenues. LBC operates liquid storage facilities primarily in Europe and the US, with a significant storage capacity and global workforce.
Source: YAHOO