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Public Fund-Backed LBC Tank Terminals Sells Some Euro Assets to Alkion Terminals

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Mechelen, Belgium-based LBC Tank Terminals is one of the biggest operators of bulk liquid storage facilities for chemical petroleum products and base oil products. LBC Tank Terminals is owned by PGGM, APG Asset Management, State Super and Sunsuper.

Owners of LBC Tank Terminals

LBC Tank Terminal Investor Official Holder Investor Inception Ownership Percentage
PGGM ThroughStichting Depositary PGGM Infrastructure Funds, as depositary of and for the account of PGGM Infrastructure Fund 2012 Sep 2012 32.50%
APG Through Stichting Depositary APG Infrastructure Pool 2011, for and on behalf of APG Infrastructure Pool 2011 Sep 2012 32.50%
State Super STC Funds Nominee Pty Limited, as trustee for the LBC Unit Trust Jun 2007 17.50%
Sunsuper State Street Australia Limited, as custodian for Sunsuper Superannuation Fund Jun 2007 17.50%

Source: LBC Tank Terminals, Date: April 2017

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Angolan Government Cancels Port Concession, Reviews Others

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Atlantic Ventures SA, which has ties to Isabel dos Santos (daughter to former Angolan president,) lost its concession rights to construct a US$ 1.5 billion port – the Barra do Dande port – near Luanda. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Egyptian Parliament Passes Draft Law on Misr Fund

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Egypt’s state news agency revealed the country is forming a sovereign wealth fund with initial capital of 5 billion Egyptian pounds, with 1 billion Egyptian pounds of that amount being immediately transferred from the Egyptian public treasury. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Capital Constellation Backs Middle Market PE Platform

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Capital Constellation is the investment platform owned by the Alaska Permanent Fund Corporation (APFC), RPMI Railpen, and Wafra Inc. on behalf of the Public Institution for Social Security of Kuwait (PIFSS). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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