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Prostar to acquire oil storage terminal facility for about $250 million

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Christian Fernsby ▼ | May 15, 2019
The Saint Eustatius Terminal
Acquisition   The purchase price is approximately $250 million, subject to conditions

Prostar Capital announced that it has signed a definitive agreement to acquire 100% of an oil storage terminal facility on Saint Eustatius from NuStar Energy.

The purchase price is approximately $250 million, subject to customary closing conditions and adjustments, and the transaction is expected to close by the end of the second quarter of 2019.

The Saint Eustatius Terminal consists of 60 commercial tanks and associated deep water jetties and pipelines, with a total storage capacity of 2.3 million cubic meters.

It is conveniently located in the Caribbean region to serve key trading countries.

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