Dutch energy infrastructure group VTTI said on March 27 it had entered into an agreement with German asset manager IKAV to buy a majority stake in an Italian LNG terminal.
The closing of the transaction for the so-called Adriatic LNG terminal is expected in the second half of the year, VTTI said in a statement.
The company, which is linked to commodity trader Vitol and Australian infrastructure fund IFM, said Natixis and Intesa Sanpaolo would act as underwriters for the deal.
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