KKR Seeks Package Sale of Korea CTK and Japan CTT Tank Terminals

KKR is moving to sell tank terminal assets in Korea and Japan through a single package deal. The assets named in the original report are Korea’s CTK and Japan’s CTT, which are being considered for sale together. According to the source, the two companies’ combined EBITDA is estimated at about 70 billion won. The market is said to be looking at a potential transaction value of around 1 trillion won. Because the deal would place Korean and Japanese tank terminal assets on the market at the same time, asset scale and profitability are expected to be key points of evaluation. Source: mk.co.kr