De Brauw has adviced Odfjell Terminals B.V. on the sale of its shares in Singapore Tank Terminal.

Nature of transaction
Odfjell Terminals B.V. has entered into an agreement with a fund managed by Macquarie Infrastructure and Real Assets to sell its 50% ownership in Oiltanking Odfjell Terminal Singapore Pte Ltd for a price around USD 300 million. This implies an enterprise value of around USD 330 million for Odfjell Terminals B.V.’s share in the Singapore terminal.
Value of transaction
USD 330 million
De Brauw involvement
Lead counsel to seller    
Other advisors
HSBC Singapore - financial adviser to Seller
Allen&Gledhill - counsel to Purchaser
Stibbe - local counsel to Purchaser
De Brauw lead partner
Ton Schutte
De Brauw team
Rutger van Boxtel, Iskander Timman, Christelle Arnaud, Vivian Lee, Henk van Ravenhorst, Mustafa Al Saady, Bart de Rijke, Gurgen Hakopian, Pablo Fraile Maqueda, Darina Malacova