(EnergyAsia, August 14 2013, Wednesday) — After less than a year of full ownership, Germany’s Oiltanking GmbH said it has agreed to sell 45% of its stake in Singapore’s Helios Terminal Corporation Pte Ltd to Macquarie Capital for an undisclosed sum.

The proposed sale of Helios, which owns and operates a world-class fuel oil storage terminal on Asia’s main oil and petrochemicals hub on Jurong Island, is subject to regulatory approval.

Equipped to handle very large crude carriers, the terminal includes 18 tanks with a total 503,000-cubic-metre capacity to store and blend fuel oil operated to the highest technical, operational and environmental standards.

Oiltanking said it has been looking for a long-term partner since acquiring Helios last October.

It described Macquarie Capital as an excellent strategic fit given the company’s investment focus, access to institutional capital and financial market capabilities.

Oiltanking GmbH, a subsidiary of privately owned Marquard & Bahls AG, is the world’s second largest independent tank storage provider for petroleum products, chemicals and gases. The company owns and operates 73 terminals in 23 countries in Europe, North and South America, Middle East, Africa and Asia.

Macquarie Capital offers expertise across a range of advisory and capital raising services including corporate finance and advisory, equity and debt capital markets, private equity placements and principal investments.