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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3rd December 2018