EQT sells tank storage and transport company Koole in the port of Rotterdam
Tank storage and transport company Koole in the port of Rotterdam is to change hands. The Swedish investment fund EQT is selling the concern to a group of institutional investors.
It is not known precisely how much money is involved in the deal or who exactly is buying Koole. An agreement in principle had been signed and that the transaction still had to be approved by the authorities.
The Bloomberg news agency had previously reported that, according to sources, what was originally a family business from Zaandam should be worth more than a billion euros. Various large infrastructure and pension funds, including the Canadian Ontario Teachers' Pension Plan, had allegedly shown an interest.
Koole was acquired by EQT in 2011. Since then, the company’s total storage capacity has tripled to more than 2 million cubic metres. 85% of this is in Rotterdam. The company also has terminals in Amsterdam, Zaandam, Nijmegen, Great Britain and Poland. Koole also owns fifteen vessels, mainly for inland shipping.