10:55 AM EST, 11/22/2024 (MT Newswires) -- KKR (KKR) and Mitsui OSK Lines are among interested buyers of bulk liquid storage company LBC Tank Terminals, Bloomberg reported Friday, citing people with knowledge of the matter.

An offer may also come from VTTI Energy Partners, while several other infrastructure funds, buyout firms and companies may also submit preliminary offers, the report said.

Indicative bids are due in December, and the Netherlands-based company could be valued at more than 1.5 billion euros ($1.56 billion), according to the report.

Macquarie Capital has been hired by LBC owners APG Asset Management, Ardian SAS and PGGM to handle the auction process, the report said.

KKR, Mitsui, APG, Ardian and PGGM did not immediately respond to MT Newswires' requests for comment. A Macquarie representative declined to comment, while a VTTI representative said the company does not comment on market rumors.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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