Estonian fuel retail market leader, Olerex, has completed the acquisition of Oiltanking’s Tallinn terminal.

On July 10, Oiltanking communicated that it is had entered into an agreement to sell its Oiltanking Tallinn terminal to Aqua Marina AS, the holding company of the Olerex Group. Following approval by the Estonian Competition Board, the transaction was completed on August 30, 2019.

Oiltanking is a subsidiary of Marquard & Bahls, a Hamburg-based company that operates in the fields of supply, trading and logistics of energy & chemicals. Oiltanking is one of the largest independent tank storage providers for petroleum products, chemicals and gases worldwide. The company owns and operates 71 terminals within Europe, North America, Latin America, the Middle East, Africa, India, and the Asia-Pacific region. Oiltanking has an overall storage capacity of 20 million cbm.

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4th September 2019