Odfjell has cashed out from its investment in an Oman-based tank terminal for a net gain of $90m.
The Norwegian group sold its 29.75% share in Oiltanking Odfjell Terminals & Co for a total consideration of $130m.
Kristian Morch, chief executive of Odfjell, said: “We are pleased to have concluded on the sale of our Oman terminal at what we believe is a very attractive valuation and is a testimony to the strength and quality of the investments made in Oman since 2008.”
Odfjell
