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2019 September 18   11:49

ADNOC acquires 10% of VTTI

Further to the announcement of 7 August 2017, ADNOC has acquired 10% of VTTI.

VTTI is now owned 10% by ADNOC, 45% by IFM Global Infrastructure Fund (IFM GIF), an investment vehicle managed by IFM Investors, and 45% by Vitol (both directly and through Vitol Investment Partnership II Ltd, an investment vehicle sponsored and managed by Vitol), Vitol says in a press release.

VTTI continues to be managed by an independent management team led by CEO Rob Nijst.

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