KKR sells Japan and Korea storage tank assets
KKR has reached an agreement to sell its Central Tank Terminal in Japan and Central Terminal Korea to institutional investors, according to a statement released on Wednesday. The details of the buyers and the financial terms of the deal remain undisclosed. Central Tank Terminal in Japan operates 12 tank-storage terminals, housing over 450 tanks and possessing a storage capacity of 420,000 kiloliters.
Meanwhile, Central Terminal Korea manages a terminal complex in Ulsan and grain-silo facilities in both Ulsan and Pyeongtaek. These businesses cater to the storage, handling, and other services needs of the chemical, energy, logistics, and agricultural sectors. KKR acquired Central Tank Terminal in Japan in 2021 and expanded further into Korea by purchasing Central Terminal Korea two years later.
During its ownership, KKR expanded the businesses through additional acquisitions in Japan and bolstered terminal capacities in both markets. This report was produced with the assistance of AI and subsequently reviewed by an editor. For further details, refer to the Terms and Conditions.
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