Linklaters has suggested the Prax Group on the acquisition of Lindsey Oil Refinery and related logistic property, together with the Finaline Pipeline, Killingholme Loading Terminal and pursuits in numerous three way partnership operations, from Complete.
The acquisition will combine the refinery and related product flows into Prax’s UK distribution and retail footprint, which operates beneath the Harvest Power model. The deal will carry new funding to the refinery and also will help the native economic system and the broader group.
The transaction was led by London companions Chris Staples (Company), Owen Clay (Company) and Jeremy Gewirtz (Power & Infrastructure), with Affiliate Thomas Bishop (Company).
Topic to satisfaction of sure situations customary for a transaction of this nature, the transaction is predicted to finish by the top of 2020