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Oiltanking GmbH has announced that it has entered into an agreement to sell 45% of its shares in Helios Terminal Corporation Pte. Ltd. to Macquarie Capital, subject to regulatory approvals.

The Helios Terminal is a fuel oil storage facility, strategically located on Jurong Island in Singapore - one of the world’s busiest ports and the main oil hub in Asia.

The terminal is a built-for-purpose fuel oil storage and blending facility with a total shell capacity of 503,000 cubic metres (cbm). It is equipped with 18 tanks and is capable of handling VLCC sized vessels.

Commenting on the sale, Oiltanking said: "Upon acquisition of Helios terminal in 2012, Oiltanking regarded such acquisition to be a perfect terminal for a joint shareholding with a long-term partner. Oiltanking believes that Macquarie Capital’s investment focus, access to institutional capital together with its financial market capabilities offers an excellent strategic fit."

Oiltanking GmbH is a subsidiary of Marquard & Bahls AG, Germany, a privately owned petroleum company. Oiltanking is the second largest independent tank storage provider for petroleum products, chemicals and gases worldwide. The company owns and operates 73 terminals in 23 countries within Europe, North and South America, Middle East, Africa, India as well as Asia. Oiltanking has an overall storage capacity of 20.4 million cubic meters.

Macquarie Capital offers expertise across a range of advisory and capital raising services including corporate finance and advisory, equity and debt capital markets, private equity placements and principal investments.