Acquisition of a minority stake in Chemoil Storage Limited by Advario B.V.
Allen & Gledhill, as transaction counsel, advised Advario B.V. (“Advario”) on the acquisition of a minority stake in Chemoil Storage Limited (the holding company of Advario Helios Singapore Pte Ltd., which indirectly owns and operates the Helios storage terminal in Singapore) from Macquarie Helios Holdings Limited (which is jointly held by Macquarie Capital and the Employees Provident Fund of Malaysia). Following the transaction, Advario owns 100% of the shares in Chemoil Storage Limited.
Advising Advario were Allen & Gledhill Partners Oh Hsiu-Hau and Wong Yi Jia.
