The Japanese shipping group Mitsui O.S.K. Lines (MOL) has announced the signing of an agreement to acquire the Dutchman LBC Tank Terminals, a Rotterdam-based company that is operating in the bulk storage and handling sector with European terminals in the Netherlands and Belgium and in the USA, in Texas and Louisiana, with a combined capacity of 3.3 million of cubic meters. The acquisition will take place for approximately 1.72 billion of dollars.

The MOL group explained that the purpose of the transaction is to strengthen its position in the logistics segment of Chemicals, a strategy already launched with the acquisition by Denmark's Nordic Tankers in 2019 and the American Fairfield Chemichal Carriers in 2024 ( of 8 January 2019 and 13 September 2023).

Currently, LBC's ownership is divided between Lanturn SCA of the investment company Ardian (35% of the fund's PGGM Infrastructure Funds PGGM (around 33%), the APG Infrastructure fund Pool 2011 managed by APG Asset Management (approximately 32%) and the management of the LBC (approximately 0.1%). MOL has signed the agreement of Acquisition with LBC's three major shareholders on Friday last.

The transaction is expected to be implemented by the next three to four months after the approval of the authorities Competent.