Storage Terminals

Tristar Transport has agreed to take 51% stake in HG Storage International in a $215m deal with HNA-backed Madison Pacific Trust; the existing joint venture partner, Glencore, will retain its 49% interest. The deal, expected to complete by the end of the second quarter, will give Tristar a majority holding in a portfolio of oil storage, distribution and retail assets and add more than 3m m3 of fuel storage capacity.

(Source: HCB)

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