InfraVia’s Alkion continues charge with Italian terminal buy

The company, formed last year, has 10 assets and is eyeing further expansion across Europe.

InfraVia-backed tank storage operator Alkion has bought a liquid bulk tank terminal in Italy from local oil major Eni.

The Vado Ligure terminal is connected by pipeline to the Trecate refinery and Alkion said it benefits from its strategic location near the port city of Genoa.

The deal is the latest addition to Alkion’s portfolio following its agreement in May to buy eight oil tank terminals across France, Spain, Portugal and the Netherlands from oil storage terminal LBC. The latest move has boosted its ownership to 10 tank terminals.

Chief executive Rutger van Thiel said it will “pursue our ambition to further expand the Alkion network into Europe”, with the Netherlands-based company said to be considering multiple locations across the continent.

The platform was created last year through a partnership between InfraVia and Dutch energy investment firm Coloured Finches. Alkion’s formation was made through InfraVia’s third infrastructure fund, which closed last year on €1 billion.

The fund has another investment near the Vado Ligure terminal following its deal alongside Infracapital in February to buy Italian container terminal operator Gruppo Investimenti Portuali, which includes interests at the Genoa port.