Exetrion Holdings Inc., a privately-held energy infrastructure group constituted under the laws of the State of Delaware, today announced an expansion of its strategic storage capacity in the Atlantic basin. The expansion comprises the acquisition of two operating terminals on the United States Gulf Coast, together with a leasehold interest in a third facility in north-west Europe, and brings the Group's total contracted capacity, as at the date of completion, to four point one million barrels.
The two acquired terminals, located in the ports of Corpus Christi and Beaumont, will be consolidated into the Group's Midstream Division, which is the operating subsidiary through which the Group conducts its storage, terminalling, and pipeline operations. The European leasehold, taken at the Maasvlakte in Rotterdam, is held under a fifteen-year tenancy renewable for two further terms of seven years apiece.
Combined consideration for the three transactions is USD 412 million, payable in cash from existing facilities. The transactions are not subject to financing conditions and are expected to close, in the ordinary course, within sixty days of the date of this announcement, subject only to the receipt of customary regulatory clearances in the United States and the Netherlands.
The Group operates on the principle that physical assets, well-chosen and well-maintained, are the most durable currency in the energy business.
Counterparty disclosure
Each facility is currently operated under multi-year offtake arrangements with counterparties of named credit standing. The Group has, in connection with the transactions, obtained the consent of each counterparty to the continued performance of those arrangements on existing commercial terms. The full schedule of consents is filed with the public register at the same reference as this announcement.
Forward-looking statements
This announcement contains statements concerning the intentions and expectations of the Group. Such statements are made on the basis of information available at the date hereof and are subject to the conditions set out in the schedule of risks filed with the Group's Annual Report. The Group undertakes no obligation to update such statements except as required by the public register or by the Board.
— Issued under the authority of the Board, by the Office of the Secretary, on the 15 May 2026.
For inquiries — and only for inquiries — concerning this announcement, address the Office of the Secretary at the addresses above.