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OOIL completes $1.78bn Long Beach terminal sale

The long-awaited transaction was completed on October 24 after several delays. OOIL is expected to bag net proceeds of $1.3bn, which may be used for fleet expansion, a senior executive said earlier

Macquarie emerged from the other bidders, including EQT Infrastructure and Yildirim Group, as the winner of the terminal assets in April this year

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