Deals
KKR, Mitsui OSK Said Among Bidders in €1.5 Billion LBC Tank Sale
- VTTI Energy Partners is also considering bidding for company
- Indicative bids for petrochemical storage firm due in December
A Mitsui OSK Lines container ship sails near the Yangshan Deepwater Port in Shanghai.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
US private equity firm KKR & Co. and Japanese shipping company Mitsui OSK Lines Ltd. are among bidders for bulk liquid storage company LBC Tank Terminals, people with knowledge of the matter said.
VTTI Energy Partners LP is also considering making an offer, with indicative bids due in December, said the people, who asked not to be identified as the information is private. Several other infrastructure funds, buyout firms and companies may also make preliminary offers, they said.