Stolt-Nielsen Limited Acquires Jo Tankers
November 23 2016 - 5:01AM
LONDON, November 23, 2016 - Stolt-Nielsen Limited
(Oslo Børs: SNI) announced today that it has completed its
previously announced acquisition of the chemical tanker operations
of Jo Tankers, consisting of 13 chemical tankers and a 50% share in
a joint venture with eight chemical tanker newbuildings,
representing an enterprise value of $575.0 million.
For additional information please
contact:
Jan Chr. Engelhardtsen
Chief Financial Officer
U.K. +44 (0) 20 7611 8972
j.engelhardtsen@stolt.com
Jens F. Grüner-Hegge
V.P. Corporate Finance
U.K. +44 (0) 20 7611 8985
j.gruner-hegge@stolt.com
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 develops opportunities in LPG and LNG shipping
and distribution. 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.
Forward-Looking
Statements
This press release contains "forward-looking statements" based on
information available to the Company on the date hereof, and the
Company assumes no obligation to update any such forward-looking
statement. These statements may be identified by the use of words
like "anticipate," "believe," "estimate," "expect," "intend,"
"may," "plan," "project," "will," "should," "seek," and similar
expressions. The forward-looking statements reflect the Company's
current views and assumptions and are subject to risks and
uncertainties. The Company does not represent or warrant that the
Company's actual future results, performance or achievements will
be as discussed in the those statements, and assumes no obligation
to, and does not intend to, update any of those forward-looking
statements other than as may be required by applicable law.
This information is subject of the disclosure
requirements acc. to §5-12 vphl (Norwegian Securities Trading
Act)
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Stolt-Nielsen Limited via Globenewswire