Stolt-Nielsen Limited
oslo : SNI

October 04, 2011 12:06 ET

Stolt-Nielsen Limited Completes the Acquisition of Marstel Terminals

LONDON--(Marketwire - Oct 4, 2011) -

LONDON, October 4, 2011 - Stolt-Nielsen Limited (Oslo Børs: SNI) announced today the completion of its previously announced acquisition of a 70% stake in Marstel Terminals, a privately held network of nine bulk-liquid storage facilities in Australia and New Zealand.

To be renamed Stolthaven Australasia Pty. Limited, the operation consists of approximately 177,000 cbm of total storage capacity, with expansion plans for 200,000 cbm of additional capacity to be completed within 2014. The founders of Marstel Terminals will own the remaining 30% of the equity and be a key part of the Stolthaven management team.

About Stolt-Nielsen Limited Stolt-Nielsen Limited (SNL or the "Company") is a leading global provider of integrated transportation solutions for bulk liquid chemicals, edible oils, acids, and other specialty liquids through its three largest business divisions, Stolt Tankers, Stolthaven Terminals and Stolt Tank Containers. Stolt Sea Farm produces and markets high quality turbot, sole, sturgeon, and caviar. Stolt- Nielsen Gas transports liquefied petroleum gas (LPG) with its fleet of very large gas carriers (VLGCs). Stolt-Nielsen Limited is listed on the Oslo Stock Exchange. This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Stolt-Nielsen Limited via Thomson Reuters ONE


Contact Information

  • Contacts:

    Jan Chr. Engelhardtsen

    Chief Financial Officer
    U.K. +44 (0) 20 7611 8972

    Email Contact

    Jens F. Grüner-Hegge

    VP Corporate Finance
    U.K. +44 (0) 20 7611 8985

    Email Contact