Stek acts for Zenith in acquisition of Amsterdam terminal from BP
Zenith Energy has signed an agreement to acquire a liquids storage terminal facility in Amsterdam from BP plc. Zenith expects to take ownership of the terminal by the end of Q1 2016, following a transition process. The terminal assets are strategically located on the North Sea Canal in the Amsterdam, Rotterdam and Antwerp (ARA) region, which represents the largest concentration of refining capacity in Europe and one of the largest refined product trading hubs in the world. BP will remain a significant customer of the terminal after transferring ownership to Zenith. With headquarters in Houston, Zenith Energy is an international liquids and bulk terminaling company. In August 2014, Warburg Pincus, a leading global private equity firm focused on growth investing, led a line-of-equity commitment in Zenith of up to $600 million. Please click here for the press release.