Macquarie fund said to be close to purchase of Universal Terminal stake
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Singapore
A FUND run by Macquarie Group Ltd is nearing an agreement to buy more than 40 per cent of Singapore oil-storage provider Universal Terminal, sources with knowledge of the matter said.
The deal could value Universal Terminal, which is part-owned by China's biggest energy producer PetroChina Co, at about US$3 billion including debt, according to the sources.
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