IPF completes DONG deal

Inter Pipeline Fund successfully closed the acquisition of four petroleum storage terminals in Denmark from a subsidiary of DONG Energy A/S on January 11. The deal, first announced in June 2011, was valued at $459m (HCB July/August 2011, page 77). 

The acquisition adds 10.7m bbl (1.7m m³) of petroleum storage to Inter Pipeline’s European storage operations, making it the fourth largest provider of independent capacity in Europe with a total of some 19m bbl at its disposal.

www.interpipelinefund.com