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IKAV and VTTI to buy majority stake in Italy's Adriatic LNG terminal
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IKAV and VTTI to buy majority stake in Italy's Adriatic LNG terminal
Mar 27, 2024 7:41 AM

ROME, March 27 (Reuters) - Dutch energy infrastructure

group VTTI said on Wednesday it had entered into an agreement

with German asset manager IKAV to buy a majority stake in an

Italian liquefied natural gas (LNG) terminal.

The closing of the transaction for the so-called Adriatic

LNG terminal is expected in the second half of the year, VTTI

said in a statement.

The company, which is linked to commodity trader Vitol and

Australian infrastructure fund IFM, said Natixis and

Intesa Sanpaolo would act as underwriters for the deal.

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