Buckeye Partners, L.P. has acquired 50 percent shareholding in the holding company of VTTI for a consideration of USD 1.15 billion. VTTI is one of the largest independent global energy terminal businesses and Buckeye owns and operates a diversified network of integrated assets providing midstream logistic solutions. It is one of the largest independent liquid petroleum products pipeline operators in the United States. The joint shareholding of Buckeye and Vitol will add greater strategic value to VTTI and will further strengthen VTTI’s position as a leading independent provider of energy storage solutions.
Value of transaction
USD 1.15 billion
Date deal
Completed: 24 October 2016

De Brauw involvement
Local counsel
Other advisors
Skadden – local counsel to VTTI
Vinson & Elkins – local counsel to VTTI
Latham & Watkins – legal counsel Buckeye
De Brauw lead partner
Ferdinand Hengst

De Brauw team
Jan Wytze Haanstra
Ferdinand Hengst
Constantijn Voogt
Marloes Kienhuis
Ernest Meyer Swantee