Public Pensions Buy LBC Tank Terminal Group

Public investors are bidding for developed European energy infrastructure. Reliable cash flows coupled with stable regulatory environments are some key factors when deciding infrastructure investments in Europe. Core infrastructure is in high demand. Tank terminals can provide robust operational cash flows with the majority of revenues coming from fixed rental fees rather than throughput. Tank terminals have a high barrier to entry due to environmental and business regulations, land constraints, and long-term customer relationships.

The ASX-listed Challenger Infrastructure Fund sold its controlling stake in LBC Terminal Group to a consortium of pension funds. The deal amount was US$ 277.8 million for a 66.2% stake.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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