Clifford Chance advises Mitsui OSK Lines on US$1.715 billion acquisition of LBC Tank Terminals

11 March 2025

Jeroen Thijssen, Pieter Leefers, Sabine van den Heuvel , Wouter Fonteijn, Pascal Weber, Liesbeth Buiter, Lotte De Bruin, Niels N. Kuil, Nienke van Stekelenburgh, Florentine Wagtendonk, Michiel Sunderman, Alec Sanderson, Astrid van Ommeren, Najib Muslem, Chris In t Veld, Jurre Jurriëns, Wijnanda Rutten, Xavier Remy, Pieter De Bock, Philippe Baert, Richard Blewett, Jonathan Blondeel, Octave (Henri Pascal) Schyns, David Stringer, David Sweeney, David Smith, Ty’Meka M. Reeves-Sobers, Hannah Ebersole, Melissa K. Sanchez, Nick Mitchell, Renée Latour (She/Her), Brian Concklin, Eva Kurban (She/Her), Natsuko Sugihara, Ryota Hirose, Ryokei Abe, Masafumi Shikakura, Suguru Kimura, Anthony Norris, Martina Kneifel
Amsterdam, Brussels, Houston, Washington D.C., Tokyo, New York, Düsseldorf

Clifford Chance advises Mitsui OSK Lines on US$1.715 billion acquisition of LBC Tank Terminals

Global law firm Clifford Chance has advised Mitsui OSK Lines on its intended acquisition of 100% membership rights of LBC Tank Terminals Group Holding Netherlands Coöperatief U.A. ("LBC") for US$1.715 billion.

The acquisition is set to strengthen Mitsui OSK Lines' chemical logistics business. LBC is one of the largest global independent tank terminal companies, primarily handling and storing chemicals, operating seven terminals in the world’s leading chemical hubs in Europe and the US Gulf Coast region, with a total storage capacity of approximately 3 million cubic metres.

The closing of the transaction is subject to obtaining permits and approvals from the relevant authorities. Read more about the transaction here.

The cross-border Clifford Chance team was led by Jeroen Thijssen and the core team consisted of Pieter Leefers, Sabine van den Heuvel, Wouter Fonteijn, Jasper Leistra, Diana Rezai and Stijn Theunissen in Amsterdam and Pascal Weber (Legal Project Management) in Dusseldorf. The wider team consisted of Liesbeth Buiter, Lotte de Bruin, Charlotte Horsten, Niels Kuil, Gülsah Vural, Berend Schoemaker (Energy & Infrastructure), Nienke van Stekelenburgh, Florentine Wagtendonk (Global Financial Markets), Michiel Sunderman, Alec Sanderson (Tax), Astrid Van Ommeren, Najib Muslem, Inge de Bruin (Employment), Chris In t Veld, Viola Lam (Tech//Digital), Jurre Jurriens, Claire Blaisdell (Antitrust) and Wijnanda Rutten (Pensions) in Amsterdam, Xavier Remy, Pieter de Bock, Philippe Baert, Wout Sleurs (Energy & Infrastructure), Richard Blewett and Jonathan Blondeel, Octave (Henri Pascal) Schyns (Antitrust) in Brussels, David Stringer, David Sweeney, David Smith, Melissa Sanchez, Nick Mitchell (Energy & Infrastructure), Ty'Meka Revees-Sobers and Hannah Ebersole (Environmental) in Houston, Renee Latour (Regulatory), Brian Concklin and Eva Kurban (Antitrust) in Washington, Natsuko Sugihara, Ryota Hirose, Ryokei Abe (Corporate), Masafumi Shikakura (Antitrust) and Suguru Kimura (Global Financial Markets) in Tokyo, Anthony Norris (Real Estate) and Martina Kneifel (Litigation) in New York.

This transaction underscores Clifford Chance's expertise in advising on complex cross-border acquisitions in the infrastructure sector.