VTTI and ArcLight announce Petrotank Partnership

09.08.2011

Rotterdam (The Netherlands), Boston (USA) and Bremerhaven (Germany) August 9, 2011 – VTTI B.V. (“VTTI”) and ArcLight Capital Partners, LLC (“ArcLight) today announced the signing of an agreement whereby affiliates of VTTI will purchase a 50% interest in Petro Lux S.à.r.l. (“PetroLux”) from ArcLight.  ArcLight will remain a 50% owner of PetroLux

PetroLux is the indirect owner of a majority interest in Petrotank Neutrale Tanklager GmbH (“Petrotank”).  Petrotank is an independent terminal company which owns and operates 23 inland refined product terminals throughout Germany, with total storage capacity of approximately 1 million cubic metres.  As partners, VTTI and ArcLight will continue to support Petrotank as an independent terminal operator and provide the company with capital as it pursues high quality growth opportunities in Germany and elsewhere in Europe.  Following this transaction, Petrotank will be  owned indirectly through affiliated entities, 45% by VTTI, 45% by ArcLight and 10% by Kühne-Janßen Vermögensverwaltungsgesellschaft mbH.

”VTTI is a company with real ambition” said Rob Nijst, CEO of VTTI, “and we are delighted to have signed this agreement today with ArcLight, a company that shares our ambition to be a leading player in the storage and terminal business”.

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