Odfjell SE sells its share in Singapore tank terminal
Odfjell SE is pleased to announce that Odfjell Terminals B.V., has entered into an agreement with a fund managed by Macquarie Infrastructure and Real Assets to sell its 50% ownership in Oiltanking Odfjell Terminal Singapore Pte Ltd for a price around USD 300 million. This implies an enterprise value of around USD 330 million for Odfjell Terminals B.V.'s share in the Singapore terminal. The transaction will result in a net gain for Odfjell SE of approximately USD 135 million (Odfjell SE's share). Closing of the transaction is subject to customary regulatory approval and is expected during