- Industry Links
- HCB Shop
Odfjell takes stake in Noord Natie
Originally published:  02/09/2011
Odfjell is to buy a minority shareholding in Noord Natie Terminals, which operates a 265,000 m3 bulk liquids terminal in Antwerp. A letter of intent has been signed by Odfjell Terminals (Europe), the recently constituted joint venture between Odfjell and Lindsay Goldberg, and Noord Natie. The investment will be used to fund a further 112,000 m3 expansion of the site, taking total capacity to some 400,000 m3. The parties have not specified a price, but say that the deal values Noord Natie’s assets at some 10x EBITDA and that the Odfjell holding will be “greater than 25 per cent”.