Inter Terminals closes acquisition of NuStar Europe

Inter Terminals, the European subsidiary of Inter Pipeline, has successfully closed the acquisition of NuStar Energy’s European bulk liquid storage business, NuStar Europe, for $270m.

The acquisition increases Inter Terminals storage capacity by 9.1 million barrels, or 33 percent, to approximately 37 million barrels. Historically, NuStar Europe has generated stable cash flow underpinned by cost-of-service and fee-based contracts with a diverse range of customers.

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