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Buckeye says it will acquire 50 percent equity interest in VTTI

( October 24, 2016, 21:45 GMT | Official Statement) -- MLex Summary: Houston-based Buckeye Partners said on Monday that it will acquire a 50 percent interest in Netherlands-based VTTI, a company that will be jointly owned with Vitol for $1.15 billion. VTTI is one of the largest marine terminal businesses in the world, with 54 million barrels of petroleum storage capacity in 13 terminals located on five continents. The deal is expected to close in the first quarter of 2017.Statement follows in full:...

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