#stayhome Maintain the distance, wash your hands, and follow instructions from the health authorities.
RSS   Newsletter   Contact   Advertise with us

Stolt-Nielsen completes acquisition of Jo Tankers operations

Share on Twitter Share on LinkedIn
Staff Writer | November 24, 2016
Stolt-Nielsen Limited has completed its acquisition of the chemical tanker operations of Jo Tankers.
Jo Tankers
Acquisition   13 chemical tankers and a 50% share in a JV
The acquisition is consisting of 13 chemical tankers and a 50% share in a joint venture with eight chemical tanker newbuildings, representing an enterprise value of $575.0 million.

Stolt-Nielsen Limited said in July it has agreed to acquire the chemical tanker operations of Jo Tankers.

Funding for the transaction has been secured through some of Stolt-Nielsen Limited's main banks with a combination of bridge financing, secured term loans and available corporate funds.

The 13 chemical tankers consist of eight all stainless steel ships, ranging from 19,000 dwt to 38,000 dwt, and five ships with a combination of stainless steel and coated tanks, all of approximately 37,000 dwt.


 

MORE INSIDE POST