NautaDutilh advises MISC in sale of its stake in VTTI to VIP Terminals Finance
NautaDutilh Energy Team lead advised MISC, a subsidiary of PETRONAS, in relation to the sale of its 50% stake in VTTI (a global tank terminal operator) for a cash consideration of USD 830 million. Completion is subject to satisfaction of conditions precedent, including EU anti-trust clearance. The purchaser, VIP Terminals Finance B.V., is a wholly-owned subsidiary of Vitol Investment Partnership Limited, an investment vehicle managed by the Vitol group.
Completion is subject to satisfaction of conditions precedent, including EU anti-trust clearance. The purchaser is a wholly-owned subsidiary of Vitol Investment Partnership Limited, an investment vehicle managed by the Vitol group, one of the largest independent energy traders in the world.
The NautaDutilh Team comprised Jaap Jan Trommel, Ruud Smits, lead associate Lisa Schoenmakers, Gerard Carrière, Evert Jan van Drongelen, Nicole Dashorst, Mirjam Klompenhouwer (Corporate/M&A/Energy), Rob van der Hoeven (Litigation & Arbitration), Chris Warner, Edward Rijnhout, Janneke Speetjens, Sjuul Jentjens (Tax), Barbara Nijs and Babs Schoenmakers-van der Heijden (Competition).
See also MISC Berhad to divest 50% shareholding in VTTI B.V.
