LONDON, Nov. 23, 2016 (GLOBE NEWSWIRE) -- Stolt-Nielsen Limited (Oslo Børs: SNI) announced today that it has completed its
previously announced acquisition of the chemical tanker operations of Jo Tankers, consisting of 13 chemical tankers and a 50% share
in a joint venture with eight chemical tanker newbuildings, representing an enterprise value of $575.0 million.
For additional information please contact:
Jan Chr. Engelhardtsen
Chief Financial Officer
U.K. +44 (0) 20 7611 8972
j.engelhardtsen@stolt.com
Jens F. Grüner-Hegge
V.P. Corporate Finance
U.K. +44 (0) 20 7611 8985
j.gruner-hegge@stolt.com
About Stolt-Nielsen Limited
Stolt-Nielsen Limited (SNL or the "Company") is a leading global provider of integrated transportation solutions for bulk liquid
chemicals, edible oils, acids, and other specialty liquids through its three largest business divisions, Stolt Tankers, Stolthaven
Terminals and Stolt Tank Containers. Stolt Sea Farm produces and markets high quality turbot, sole, sturgeon, and caviar.
Stolt-Nielsen Gas develops opportunities in LPG and LNG shipping and distribution. Stolt-Nielsen Limited is listed on the Oslo
Stock Exchange.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities
Trading Act.
Forward-Looking Statements
This press release contains "forward-looking statements" based on information available to the Company on the date hereof, and the
Company assumes no obligation to update any such forward-looking statement. These statements may be identified by the use of words
like "anticipate," "believe," "estimate," "expect," "intend," "may," "plan," "project," "will," "should," "seek," and similar
expressions. The forward-looking statements reflect the Company's current views and assumptions and are subject to risks and
uncertainties. The Company does not represent or warrant that the Company's actual future results, performance or achievements will
be as discussed in the those statements, and assumes no obligation to, and does not intend to, update any of those forward-looking
statements other than as may be required by applicable law.
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)
