29 Aug Koole Terminals wholly owned by institutional investors advised by J.P. Morgan Asset Management
Koole Terminals Holding B.V. (“Koole Terminals”) has announced that institutional investors advised by J.P. Morgan Asset Management now hold a 100% stake in Koole Terminals following the buy-out of Ontario Teachers’ Pension Plan Board’s 40% stake and the Investment Management Corporation of Ontario’s 9.99% stake.
John Kraakman, CEO of Koole Terminals, said: “A wholly-owned structure will give us a clear mandate to execute the Koole Terminals’ strategy while maintaining our commitment to delivering a high level of customer service and safety performance.”
About Koole Terminals
Koole Terminals is a leading independent owner and operator of liquid bulk terminal storage assets in North-West Europe and is headquartered in Zaandam, The Netherlands. The company operates 9 tank storage terminals and an own fleet of 12 barges and 3 coasters. Koole Terminals is active in three countries and has a total storage capacity of over 3,8 million cubic meters that handles a wide range of liquid bulk products. For more information: https://koole.com/
About J.P. Morgan Asset Management
J.P. Morgan Asset Management, with assets under management of USD 1.8 trillion (as June 30, 2019), is a global leader in investment management. J.P. Morgan Asset Management’s clients include institutions, retail investors and high net worth individuals in every major market throughout the world. J.P. Morgan Asset Management offers global investment management in equities, fixed income, real estate, hedge funds, private equity and liquidity. JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of USD 2.7 trillion (as of 30 June 2019) and operations worldwide. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.