VTTI offer to buy out VTTI Energy Partners

VTTI B.V. has offered to acquire through, a wholly owned subsidiary, all VTTI Energy Partners shares due to them trading below expectations.

VTTI released the reasons for the offer as being: the Partnership’s common units have performed below VTTI’s expectations even amidst recent improvement in commodity prices and investor sentiment in the broader market; given the trading levels of the Partnership’s common units, the resulting increased cost of capital and the liquidity challenges associated with the Partnership’s relatively small public float and other factors, VTTI does not intend to execute any further dropdowns to the Partnership of additional assets or equity interests and in the absence of further dropdowns and in light of VTTI’s view of the master limited partnership sector in general and the Partnership in particular, VTTI believes that the offer price represents an attractive valuation to the Partnership’s public unitholders.

VTTI has retained J.P. Morgan Limited to act as its financial advisor and Latham & Watkins LLP to act as its legal advisor with respect to the proposed transaction.

VTTI expects that the Board of Directors of VTTI Energy Partners will form a Conflicts Committee comprised of independent directors, which will evaluate and, if appropriate, approve the proposal and recommend that the full GP Board and the Partnership’s unitholders approve the proposal.

For more information visit www.vtti.com

7th March 2017