• 2019 July 16 17:06

  Odfjell SE sells its ownership share of terminal in Jiangyin, China

  

  Odfjell Terminals Asia Holding Pte. Ltd. has today finalized the sale of its indirect 55% equity interest in Odfjell Terminals (Jiangyin) Co., Ltd., the company said in its release.

  Reference is made to the stock exchange announcement of May 8th, 2018, in which Odfjell SE (Odfjell) announced that Lindsay Goldberg (LG) is considering a sale of its 49% shareholding in Odfjell Terminals BV.

  After LG completed the sales of its shareholdings in the US and European terminals, LG is now in the process of selling its shareholding in the Asian terminals. Connected with this, Odfjell has decided to tag along on LG’s sale of its indirect shareholding in Odfjell Terminals (Jiangyin).

  Odfjell Terminals Asia Holding Pte. Ltd. has today finalized the sale of its indirect 55% equity interest in Odfjell Terminals (Jiangyin) Co., Ltd. to Yangzijiang Shipbuilding (Holdings) Ltd. for a price of approximately USD 46 million. The transaction will result in a capital gain expected to be booked in 3Q, and net proceeds to Odfjell estimated at USD 21 million.

   

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