Ashurst advises DIF and Aberdeen on the acquisition of fuel storage provider UNITANK
Ashurst advised Dutch Infrastructure Fund (DIF) and Aberdeen Standard Investments (ASI) on the acquisition of 100% of UNITANK Group through a jointly held acquisition vehicle.
UNITANK, a privately-held German-based business, operates six large storage terminals for mineral oil products in Germany and Belgium, with a capacity of 1.1 million cubic metres.
Ashurst advised on the acquisition by DIF and Aberdeen Standard Investments as well as on the financing of the transaction. The acquisition requires antitrust clearance by the EU Commission.