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.
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.