Ardian invests in LBC Tank Terminals

Ardian has agreed to acquire a stake in LBC Tank Terminals from State Super and Sunsuper. Financial terms weren’t announced. LBC, of Belgium, operates bulk liquid storage facilities, predominantly for chemical & base oil products. Once the sale closes, Ardian will hold a 35 percent stake in LBC. Current shareholders APG and PGGM will retain 32.5 percent each.

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