Singapore: Having taken over the giant Helios Terminal in Jurong less than a year ago from Chemoil, Germany’s Oiltanking is selling a 45% stake in the facility to Macquarie Capital. With a total shell capacity of 503,000 cu m and 18 tanks Helios is one of the most modern and large oil depots in Southeast Asia.

“Upon acquisition of Helios terminal in 2012, Oiltanking regarded such acquisition to be a perfect terminal for a joint shareholding with a long-term partner. Oiltanking believes that Macquarie Capital’s investment focus, access to institutional capital together with its financial market capabilities offers an excellent strategic fit,” Oiltanking noted in a release.