Ardian, a world-leading private investment house, today announces the sale of its 35% stake in LBC Tank Terminals (“LBC”), to MOL**, a leading multi modal shipping company operating a fleet of 900 vessels and variety of social infrastructure businesses. As part of the transaction, APG***  and PGGM****  are also selling their stakes.

LBC is one of the world’s largest independent chemicals focused storage businesses. They own and operate seven state-of-the-art and flexible storage terminals at locations in the United States (Houston, Baton Rouge, Freeport) and Europe (Antwerp, Rotterdam), offering loading and unloading services for various transportation modes such as pipeline, vessel, barge, rail tank car and truck. Their total current storage capacity accounts for 3.3* million m³ strategically located at major chemical production hubs and connected to vital chemical processing plants via pipeline infrastructure networks.

Ardian’s Infrastructure team has been supporting the company’s developments since 2017. During the partnership, LBC improved operations and safety as well as its sustainability performance to reach industry leading performance as recognized by its Platinum EcoVadis rating and 5-star GRESB rating. Building on available landbank, LBC also completed significant expansion under Ardian ownership with capacity growing by 63% since its acquisition, and new projects being developed across chemical and new energies storage. These expansion projects allowed LBC to strengthen its capabilities and address the rising demand for storage facilities capable of handling a broader array of new energy products.

“We are delighted to have had the opportunity to work with LBC and its management team. We have supported the company for more than 7 years, through impressive capacity growth, achieving industry leading safety and sustainability performance.” Simo Santavirta, Head of Asset Management Infrastructure & Senior Managing Director, Ardian

“LBC has grown into a partner of choice for sustainable storage solutions. As a connected operator in current and future logistic networks, LBC is a relevant player in the energy transition. We wish LBC and MOL every success for the companies’ exciting future.” Daniel von der Schulenburg, Head of Infrastructure Germany, Benelux & Northern Europe & Senior Managing Director, Ardian

*Including projects under construction
**Mitsui O.S.K. Lines Ltd
***Stichting Depositary APG Infrastructure Pool 2011, An investment fund managed by APG Asset Management, the investment- and asset manager of ABP, the largest pension fund in the Netherlands.
****Stichting Depositary PGGM Infrastructure Funds, A wholly-owned subsidiary of PGGM, a Dutch pension fund cooperative, managing the pension investments for PFZW, the Dutch health care pension scheme with three million participants.