3i Infrastructure says strategic review of Oystercatcher at 'advanced stage'
3i Infrastructure
326.50p
16:40 28/03/24
0.15%
0.50p
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".
Financial Services
14,827.91
17:14 28/03/24
-0.92%
-137.96
FTSE 250
19,884.73
17:14 28/03/24
n/a
n/a
FTSE 350
4,383.21
17:14 28/03/24
n/a
n/a
FTSE All-Share
4,338.05
16:50 28/03/24
n/a
n/a
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.