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Business deals

KKR enters Japan infrastructure with Central Tank Terminal deal

$440m acquisition from Macquarie targets port storage operator

KKR will make its first foray into infrastructure in Japan by acquiring Central Tank Terminal.   © Reuters

TOKYO -- U.S. investment fund KKR will buy its first infrastructure business in Japan, acquiring Central Tank Terminal for an estimated 50 billion yen ($440 million).

Central Tank, established in 1966, operates chemical storage tanks at key ports such as Kawasaki, Yokohama and Kobe. The company is a leader in the field, counting major chemical producers among its more than 80 clients. Australia's Macquarie Group took over management in 2016.

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