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BRIEF-Private equity firm Ardian buys 35 pct stake in LBC Tank Terminals
May 22, 2017 / 8:15 AM / 6 months ago

BRIEF-Private equity firm Ardian buys 35 pct stake in LBC Tank Terminals

May 22 (Reuters) - Ardian/LBC Tank Terminals:

* Private investment firm Ardian has signed an agreement to acquire a 35% stake in LBC Tank Terminals from State Super and Sunsuper

* LBC, headquartered in Belgium, is one of the world’s largest independent operators of bulk liquid storage facilities, predominantly for chemical & base oil products

* LBC’s group sales revenue stood at $258 million for the period July 2015 until June 2016

* Following the transaction, Ardian will become the largest shareholder in LBC

* Current shareholders APG and PGGM will remain invested in the company

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