NautaDutilh advises MISC in sale of its stake in VTTI to VIP Terminals Finance
NautaDutilh Energy Team lead advised MISC, a subsidiary of PETRONAS, in relation to the sale of its 50% stake in VTTI (a global tank terminal operator) for a cash consideration of USD 830 million. Completion is subject to satisfaction of conditions precedent, including EU anti-trust clearance. The purchaser, VIP Terminals Finance B.V., is a wholly-owned subsidiary of Vitol Investment Partnership Limited, an investment vehicle managed by the Vitol group.