NIBC Holding NV

05/15/2019 | Press release | Distributed by Public on 05/15/2019 08:08

NIBC and Rotterdam Port Fund invest in LNG filling station operator Rolande

Corporate News - 15 May 2019, 16:00 CET

NIBC and Rotterdam Port Fund have jointly acquired a majority interest in Rolande, the developer and operator of LNG filling stations and producer of bio-LNG. Rolande, market leader in the Netherlands, was founded in 2005 and is helping logistics service providers make the switch to LNG as a fuel by building a European network of LNG filling stations. Current majority shareholder IVECO Schouten will retain a significant interest in Rolande. The transaction is expected to be finalised after completing the relevant approval procedures in the first half of 2019.
'We are pleased to support the growth plans of the innovative company Rolande together with the Rotterdam Port Fund,' says Brigitte van der Maarel, Head of NIBC Mezzanine & Equity Partners. 'By enabling the international roll-out of the network of LNG filling stations, we can contribute to the transformation to a more sustainable and cleaner future for the transport sector.'