Vitol Investment Partnership $830 million acquisition of VTTI

Overview:

• Vitol Investment Partnership has acquired the 50% stake in UK-based energy company VTTI that it did not already own for $830 million.
• The stake was sold by Malaysian shipping corporation MISC.
• Having previously held a 50% stake in VTTI, Vitol is now the outright owner.
• VTTI will continue to operate as an independent company.
• Vitol is a Dutch energy and commodity trading company.
• The deal was first announced in August, 2015.

Kurt Stumpo - Journalist