Mitsui O.S.K. Lines, Ltd. (Tokyo Stock Exchange: 9104, hereinafter referred to as "MOL"), a major Japanese shipping company, has decided to acquire a 100% stake in LBC Tank Terminals Group Holding Netherlands Coöperatief U.A. (hereinafter referred to as "LBC") to enhance its chemical logistics business. The transfer agreement was signed on March 7, 2025.
Purpose of M&A
MOL is one of Japan’s leading comprehensive shipping companies, engaged in diverse businesses, including the transportation of crude oil and LNG, car carrier operations, and the shipping of resources such as iron ore and coal. In particular, the company has been strengthening its chemical logistics business, acquiring Nordic Tankers in 2019 and purchasing shares in Fairfield Chemical Carriers in 2024, thereby building one of the world’s largest fleets.
LBC operates 7 terminals in key locations such as Antwerp and Rotterdam in Europe, as well as Houston and Freeport in U.S. Gulf Coast region, making it a significant player in chemical logistics.
With the acquisition of LBC, MOL will not only provide maritime transport but also gain land-based storage capabilities, further expanding its services to include small-lot transportation using tank containers. This will enable MOL to establish a comprehensive chemical logistics service system that meets diverse transportation needs and strengthens its leadership position globally.
Acquisition Terms
Number of Shares Acquired: 357,810,428 shares
Acquisition Price: Approximately USD 1.715 billion
Acquisition Funding: Primarily financed through loans from major partner banks
Schedule
March 7, 2025: Transfer agreement signed
June 2025 (Planned): Completion upon obtaining necessary regulatory approvals
