Vitol to acquire Rotterdam splitter from Koch Supply & Trading

Vitol today announced that it had agreed to acquire an 85,000 barrels per day condensate splitter in Rotterdam from Koch Supply & Trading BV for an undisclosed sum, subject to the relevant regulatory approvals.

Russell Hardy, CEO EMEA Vitol said: “The splitter is a well-run asset in a good strategic location at the heart of Rotterdam’s oil and petchem industry. Its acquisition will enhance our offering to our customers across the region.”

Frans Pettinga, president, Koch Supply & Trading said: “We are pleased to have reached this agreement with Vitol. We believe this transaction will allow us to focus our capital and capabilities in areas where we see the best alignment with our global trading strategy.”

The asset will be acquired by Vitol subsidiary Vitol Refining Group BV. Staff based at the asset will transfer to Vitol.

Simmons & Company International, Energy Specialists of Piper Jaffray, served as exclusive financial advisor to Koch Supply & Trading in connection with the transaction.

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