Sunoco to acquire TanQuid from Macquarie Asset Management for €500m.

Sunoco, a company focused on fuels distribution, agreed to acquire TanQuid, an independent liquid petrochemical storage operator, from Macquarie Asset Management, a global leader in infrastructure and real asset investment and management, for €500m. “Today marks the end of a significant journey with one of the longest held assets in Macquarie’s platform. Since our initial investment in 2005, TanQuid has undergone exceptional growth and is now a market leader in storage for products supporting the energy transition and petrochemicals. It has been a pleasure to have supported TanQuid over the past two decades, and we wish the company the very best as it embarks on the next phase of its journey.” Cord von Lewinski, Macquarie Asset Management, Managing Director.