Stolt-Nielsen Announces Plan to Purchase Chem Tanker Operations of Jo Tankers

摘要

London— Stolt-Nielsen Ltd. has agreed to acquire Jo Tankers' chemical tanker operations, which includes 13 chemical tankers and a 50% interest in a joint venture with eight chemical tanker newbuildings. The transaction, valued at about $575-million, includes the proportional share of the newbuildings in the joint venture. The acquisition is subject to competition authority approval, with a decision expected before the end of September 2016.