3i Infrastructure says strategic review of Oystercatcher at 'advanced stage'
3i Infrastructure said on Thursday that the strategic review of Oystercatcher's European terminals in Amsterdam, Terneuzen, Ghent and Malta has reached an "advanced stage".
The company said that it, Oiltanking and Evos through Evos Finance B.V., plan to enter into an agreement for the sale and purchase of Oystercatcher's 45% stakes in the terminals, as well as the 55% stakes held by Oiltanking.
Entering into a sale and purchase agreement is subject to the applicable Dutch and Belgian employee consultation procedures.
"The company will make a further announcement in due course," it said.