Manabaft Acquires Oiltanking Terminal in Copenhagen

Mabanaft has expanded its storage footprint into Denmark by acquiring 100% of Oiltanking’s terminal in the capital, Copenhagen.

Under Mabanaft’s ownership, the terminal will continue to handle liquid fuels for road transport and the marine and aviation industries.

‘Oiltanking has been operating in Copenhagen for over 50 years and we are proud of the contribution we have made to the energy supply chain in the region. We thank our employees and customers for their support during our tenure,’ says Bas Verkooijen, CEO of Oiltanking GmbH. “We are delighted to have reached an agreement with our affiliate company Mabanaft and are glad to see that the terminal and its loyal and dedicated team continue their journey as part of the existing terminal network within the Mabanaft Group.’

The terminal has a storage capacity of 461,652 m3 and is strategically located at Prøvestenen island in the city of Copenhagen.

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Source: www.tankstoragemag.com