Market Chatter: KKR, Mitsui OSK Among Bidders for Netherlands-Based LBC Tank Terminals

MT Newswires Live11-22 23:55

KKR (KKR) and Mitsui OSK Lines are among interested buyers of bulk liquid storage company LBC Tank Terminals, Bloomberg reported Friday, citing people with knowledge of the matter.

An offer may also come from VTTI Energy Partners, while several other infrastructure funds, buyout firms and companies may also submit preliminary offers, the report said.

Indicative bids are due in December, and the Netherlands-based company could be valued at more than 1.5 billion euros ($1.56 billion), according to the report.

Macquarie Capital has been hired by LBC owners APG Asset Management, Ardian SAS and PGGM to handle the auction process, the report said.

KKR, Mitsui, APG, Ardian and PGGM did not immediately respond to MT Newswires' requests for comment. A Macquarie representative declined to comment, while a VTTI representative said the company does not comment on market rumors.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 158.11, Change: +0.44, Percent Change: +0.28

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2485173298?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-22 23:55","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2485173298","market":"sg","top_or_hot":-1,"title":"Market Chatter: KKR, Mitsui OSK Among Bidders for Netherlands-Based LBC Tank Terminals","media":"MT Newswires Live","content":"<html><body><p> KKR (KKR) and Mitsui OSK Lines are among interested buyers of bulk liquid storage company LBC Tank Terminals, Bloomberg reported Friday, citing people with knowledge of the matter.</p><p>An offer may also come from VTTI Energy Partners, while several other infrastructure funds, buyout firms and companies may also submit preliminary offers, the report said.</p><p>Indicative bids are due in December, and the Netherlands-based company could be valued at more than 1.5 billion euros ($1.56 billion), according to the report.</p><p><a href=\"https://laohu8.com/S/MQG.AU\">Macquarie</a> Capital has been hired by LBC owners APG Asset Management, Ardian SAS and PGGM to handle the auction process, the report said.</p><p>KKR, Mitsui, APG, Ardian and PGGM did not immediately respond to MT Newswires' requests for comment. A Macquarie representative declined to comment, while a VTTI representative said the company does not comment on market rumors.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p><p>Price: 158.11, Change: +0.44, Percent Change: +0.28</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Market Chatter: KKR, Mitsui OSK Among Bidders for Netherlands-Based LBC Tank Terminals</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMarket Chatter: KKR, Mitsui OSK Among Bidders for Netherlands-Based LBC Tank Terminals\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-22 23:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KKR (KKR) and Mitsui OSK Lines are among interested buyers of bulk liquid storage company LBC Tank Terminals, Bloomberg reported Friday, citing people with knowledge of the matter.An offer may also ...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1935043536.SGD","symbol_name":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME \"AA\" (SGDHDG) INC A","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2485173298","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485173298","pubTimestamp":1732290931,"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"KKR  and Mitsui OSK Lines are among interested buyers of bulk liquid storage company LBC Tank Terminals, Bloomberg reported Friday, citing people with knowledge of the matter.An offer may also come from VTTI Energy Partners, while several other infrastructure funds, buyout firms and companies may also submit preliminary offers, the report said.Indicative bids are due in December, and the Netherlands-based company could be valued at more than 1.5 billion euros , according to the report.Macquarie Capital has been hired by LBC owners APG Asset Management, Ardian SAS and PGGM to handle the auction process, the report said.KKR, Mitsui, APG, Ardian and PGGM did not immediately respond to MT Newswires' requests for comment. A Macquarie representative declined to comment, while a VTTI representative said the company does not comment on market rumors.Price: 158.11, Change: +0.44, Percent Change: +0.28","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1935043536.SGD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME \"AA\" (SGDHDG) INC A","LU1935042215.USD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME  \"AA\" (USD) INC A","LU1935042991.SGD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME  \"AA\" (SGDHDG) INC","OSK":"Oshkosh","BK4585":"ETF&股票定投概念","LU0106831901.USD":"贝莱德世界金融基金A2","BK4211":"区域性银行","LU0314104364.USD":"MANULIFE GF AMERICAN GROWTH \"AA\" (USD) INC","IE00B64PRP62.GBP":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (GBP) ACC","BK4149":"建筑机械与重型卡车","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","IE00B3QW5Z07.USD":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (USD) ACC","LU1935043023.USD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME \"AA\" (USD) INC A","BK4195":"互助储蓄与抵押信贷金融服务","IE00BGHQF748.EUR":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (EUR) ACC","LBC":"Luther Burbank Corp","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","BK4588":"碎股","KKR":"KKR & Co L.P.","LU0054578231.USD":"BGF SYSTEMATIC SUSTAINABLE GLOBAL SMALLCAP \"A2\" (USD) ACC","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","BK4135":"资产管理与托管银行","LU1935042488.USD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME  \"AA\" (USD) INC","LU1791807156.HKD":"BGF WORLD FINANCIALS \"A2\" (HKDHDG) ACC"},"translate_title":"市场热议：KKR、Mitsui OSK是荷兰LBC储罐码头的竞标者","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"OSK":1,"KKR":1,"LBC":1},"content_text":"KKR (KKR) and Mitsui OSK Lines are among interested buyers of bulk liquid storage company LBC Tank Terminals, Bloomberg reported Friday, citing people with knowledge of the matter.An offer may also come from VTTI Energy Partners, while several other infrastructure funds, buyout firms and companies may also submit preliminary offers, the report said.Indicative bids are due in December, and the Netherlands-based company could be valued at more than 1.5 billion euros ($1.56 billion), according to the report.Macquarie Capital has been hired by LBC owners APG Asset Management, Ardian SAS and PGGM to handle the auction process, the report said.KKR, Mitsui, APG, Ardian and PGGM did not immediately respond to MT Newswires' requests for comment. A Macquarie representative declined to comment, while a VTTI representative said the company does not comment on market rumors.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: 158.11, Change: +0.44, Percent Change: +0.28","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2485173298"}