10 July 2006 00:00 [Source: ICB]
GERMAN TANK farm operator TanQuid is negotiating to buy eight oil and chemical tank storage facilities from Petroplus for €33m. The deal will see TanQuid – the largest independent tank storage business in Germany – claim 25% of the market, with 18 sites. Most facilities are located in the industrial region of Ruhr-Rhine, western Germany. Management teams at the acquired sites will integrate into TanQuid – a wholly owned subsidiary of Macquarie International Infrastructure Fund. The deal should complete by the end of July.
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