KKR Sells Japanese and Korean Tank Terminals Separately to Institutional Investors

Global investment firm Kohlberg Kravis Roberts (KKR) announced that it has entered into a separate agreement to sell Japan's Central Tank Terminal (CTT) and Korea's Central Terminal Korea (CTK) to institutional investors. The financial terms of the transaction were not disclosed.

CTT operates 12 tank storage terminals in major regions of Japan, with more than 450 tanks and a total storage capacity of 420,000 kiloliters. In Korea, CTK operates a tank terminal complex in Ulsan and manages grain silo facilities in both Ulsan and Pyeongtaek.

KKR acquired CTT in 2021 and CTK in 2023. During its ownership, KKR strengthened management, sales, operational, and organizational capabilities, completed select bolt-on acquisitions in Japan, and pursued both terminal capacity expansion and redevelopment in the two countries. It also invested in leadership, safety, and maintenance systems.

Chansu Kim, CEO of CTK, said, "During KKR’s ownership, CTK advanced its growth plans and strengthened its sales and operational capabilities, while continuously investing to provide customers with safe and reliable infrastructure. We appreciate KKR’s collaboration and look forward to CTK’s continued growth."

Yanghan Kim, Partner at KKR, said, "Based on CTT's leading nationwide network and CTK's strategic position in Ulsan, KKR captured opportunities to expand core chemical storage and logistics infrastructure in markets with high entry barriers and robust demand. We worked closely with both CTT and CTK to strengthen their capabilities, increase capacity, and further advance operational standards. Both companies are now well-positioned to continue their growth going forward."

This content was produced with the assistance of AI translation services.