Large Purchase on Mongstad

Mongstad. Image: Wikimedia/Dag Erik Hagesæter. Lisens- CC-BY-SA-3.0
Mongstad.

Norway Norway Asset Buyout Partners purchases Norway’s largest oil base from the Swedish private equity fund EQT for approximately EUR 410M.

2018-03-12

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According to Dagens Næringsliv the parties agree on not going public with the purchase price, but investors on the market assess the price to approximately EUR 410M.
 
Asset Buyout Partners is owned by Hitec Vision and has specialized in properties and infrastructure in the Norweigan oil and gas industry. The fund owns properties in Risavika, Dusavik, Kristiansund (Vestbase) and Ågotnes (CCB), as well as Hammerfest.
 
“The purchase of Mongstad Group is an important step in ABP’s long-term strategy. The portfolio strengthens the company’s position and competitiveness,” says William Wittusen, CEO at ABF, according to DN.
 
Mongstad Group owns plants and properties on Mongstad and in Dusavik. ABF gains access to approximately 1,2 million square meters of land and infrastructure, 120,000 square meters of industrial plant and a quay of 800 meters. 

WSP Real Estate Stockholm was Technical and Environmental Advisor to EQT and conducted a Vendor Due Diligence in a collaboration between WSP's offices in Sweden and Norway.




Maria Olsson Äärlaht
maria@nordicpropertynews.com




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