BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry



« News Home
:: Monthly Archive

News Topics
:: Air Pollution
:: Agreements & M&A's
:: Alternative Fuels
:: BunkerBlog
:: Cargoes & Storage
:: Company News
:: Efficiency, Costs & Charges
:: Environment
:: Events
:: Financial
:: Fuel Quality & Testing
:: Lubes & Additives
:: Oil Spills
:: People
:: Port News
:: Projects
:: Regulation, Legal
:: Services, Products,Technology
:: Statistics & Research
:: Vessels

Regional Archive
:: Americas
:: Asia/Oceania
:: Europe
:: M.East/Africa


BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry
Home » News





VTTI Energy Partners unitholders approve merger with VTTI B.V.

13 Sep 2017 11:42 GMT

Merger is expected to close on Friday, September 15.



UK-headquartered storage terminal operator VTTI Energy Partners LP has announced that unitholders voted at a special meeting, held on Wednesday, to approve a merger plan, dated May 8, with VTTI B.V.

Approximately 98.75 percent of the common units and 100 percent of the subordinated units at the special meeting voted in favour of the adoption and approval of the merger.

The merger is expected to close on Friday, September 15.

Back in May, VTTI Energy Partners entered into a definitive merger agreement with VTTI B.V. under which VTTI B.V. would acquire, for cash, all of the outstanding publicly held common units of VTTI Energy Partners at a price of $19.50 per common unit for an aggregate transaction value of approximately $481 million.

The revised price represented an increase of $0.75 on the offer of $18.75 per common unit made by VTTI B.V. on March 2.

Under the agreement, unitholders of VTTI Energy Partners would also continue to receive regular quarterly distributions of $0.336 per unit for each completed quarter prior to the closing date.

VTTI Energy Partners owns storage terminals in the key bunkering locations of Fujairah, Rotterdam and Antwerp, as well as Johor in Malaysia and Port Canaveral in the United States.

Image: Staff at VTTI Energy Partners' terminal facility in Fujairah, UAE.




Related Links:

United Kingdom

Latest News:

FueLNG completes first commercial LNG bunker delivery in Singapore
Viking Sun cruise ship featuring bunker-saving engine and scrubber delivered
Digital bunker procurement: Why is now the time to pay attention?
Oil and fuel oil hedging market update
Less online U.S. oil rigs, OPEC non-event and central bank speeches coming up
Wartsila outlines 'new opportunities for supplying LNG' with FSRB concept
Another first for Wartsila as wireless charging for hybrid coastal ferry is 'successfully' tested
Scandlines hails bunker-saving summer for hybrid ferries
BHP, GoodFuels to collaborate on biofuel bunker project in Singapore
The OPEC / non-OPEC meeting takes centre stage
Oil and fuel oil hedging market update
Fluxys focuses investment on Zeebrugge's fifth LNG tank and second jetty




Page Links:

Prices
Africa
Asia
Latin America
Middle East
North America
North Europe
South Europe
Index Summary
Price Highlights
Commentaries
Futures
Prices
Antwerp
Busan
Cape Town
Fujairah
Houston
Istanbul
Kaohsiung
Las Palmas
Maracaibo
New Orleans
Piraeus
Rio de Janeiro
Rotterdam
Santos
Singapore
Directory
Africa
Asia
Central America
Middle East
North America
North Europe
Oceania
South America
South Europe
Directory
Germany
Gibraltar
Greece
Hong Kong
Italy
Japan
Netherlands
Panama
Russia
Singapore
South Africa
South Korea
Spain
Turkey
United Arab Emirates
United Kingdom
United States
News
Latest News
Blogs
Archive
Americas
Asia
Europe
Middle East
News
Air Pollution
Agreements & M&A's
Alternative Fuels
Cargoes & Storage
Efficiency, Costs & Charges
Environment
Events
Financial
Fuel Quality
Lubes & Additives
Oil Spills
People
Port News
Projects
Regulation/Legal
Services, Products, Technology
Statistics & Research
Vessels
Events
Upcoming Events