Brief: Odfjell To Sell Terminal In Rotterdam

Odfjell SE

02/07/2018 08:24

July 2 (Reuters) - ODFJELL SE  ODF.OL :
    * REG-ODFJELL TO SELL TERMINAL IN ROTTERDAM
    * ANNOUNCED THAT LINDSAY GOLDBERG (LG) IS CONSIDERING A SALE
OF
ITS 49% SHAREHOLDING IN ODFJELL TERMINALS B.V.
    * OTBV INTENDS TO ENTER INTO AN AGREEMENT WITH KOOLE
TERMINALS
B.V. OF NETHERLANDS (KOOLE) TO SELL ITS 100% OWNERSHIP OF OTR
AND OTM
    * TOTAL CASH CONSIDERATION OF USD 155 MILLION NET OF
ESTIMATED
TRANSACTION COSTS.
    * KOOLE WILL COMPENSATE OTBV FOR ALL PERMITTED EQUITY
INJECTIONS
MADE IN 2018 UNTIL CLOSING
    * TRANSACTION WOULD AT CLOSING REDUCE ODFJELL TERMINALS NET
DEBT
WITH AROUND USD 35 MILLION.
    * 'S SHARE OF PROCEEDS AT CLOSING IS EXPECTED TO AMOUNT TO
AROUND
USD 100 MILLION

Source text for Eikon:  ID:nGNEBC34H 
Further company coverage:  ODF.OL 

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