VTTI Energy holders approve merger with VTTI B.V.
VTTI Energy Partners LP announced that at a special meeting of the Partnership's unitholders held earlier today, the unitholders voted to adopt the Agreement and Plan of Merger, dated as of May 8, by and among the Partnership, VTTI B.V., VTTI Energy Partners GP LLC, the general partner of the Partnership, VTTI MLP Partners B.V. and VTTI Merger Sub LLC, wholly owned subsidiaries of VTTI, pursuant to which VTTI will become an indirect wholly owned subsidiary of VTTI. Approximately 98.75% of the Partnership's common units and 100% of the Partnership's subordinated units voted at the special meeting voted in favor of the adoption and approval of the Merger Agreement and the transactions contemplated thereby. The votes in favor of the Merger Agreement constituted a majority of the Partnership's common units, other than common units held by VTTI MLP Partners B.V. and by Stichting Administratiekantoor VTTI that do not correspond to a vested depositary receipt issued to an employee, consultant or director of VTTI or its affiliates, and a majority of the VTTI subordinated units outstanding as of the record date of the special meeting, as required for adoption and approval of the Merger Agreement. The merger is expected to close on September 15, 2017.