Ardian acquired a 35% stake in LBC Tank Terminals from State Super and Sunsuper.

Ardian, the independent private investment company, agreed to acquire a stake in LBC Tank Terminals from State Super and Sunsuper. LBC, headquartered in Belgium, is a top-tier global independent operator of bulk liquid storage facilities, predominantly for chemical & base oil products. Following the transaction, Ardian will hold a 35% stake in LBC. Current shareholders APG and PGGM will remain invested in the company with a 32.5% stake each. Mathias Burghardt, Member of the Executive Committee, Head of Ardian Infrastructure, added: ”LBC is a unique company with fantastic value creation potential. We are very excited to support the management vision alongside our partners APG and PGGM. Our LBC investment illustrates the existing potential for long term investors like Ardian in the US infrastructure market.“