DIF and Aberdeen Standard Investments signs agreement to acquire UNITANK

Aberdeen Standard Investments and DIF Core Infrastructure Fund I has announced the signing of an agreement to acquire 100% of UNITANK from the family owners, with ASI and DIF each acquiring a 50% stake.

UNITANK is a market leading independent and neutral infrastructure and services provider storing liquid oil products, headquartered in Hamburg, Germany. The company owns and operates five terminals in Germany and one terminal in Belgium, all in key strategic locations. The terminals handle diesel, gasoline, jet fuel and heating oil and have a total storage capacity of c. 1.1 million cubic meters. Servicing both strategic stockholding agencies with product storage as well as commercial clients with product throughput provides UNITANK with a stable and resilient business model.

The transaction is conditional on European Commission merger clearance.

Watson Farley & Williams has advised the shareholders of UNITANK Holding GmbH & Co. KG on the transaction.