Aleph Commodities Acquires Majority Stake in InterTank

Aleph Commodities Acquires Majority Stake in InterTank

Aleph Commodities Acquires Majority Stake in InterTank

Aleph Commodities Ltd (“Aleph”) (www.AlephCommodities.com), an investment and energy trading company headquartered in London, along with co-investors, has acquired a majority stake in InterTank Nordic AB (“InterTank”), an independent storage management and operations company in Sweden.

InterTank manages over 1 million cubic meters of storage capacity across more than 20 facilities in Europe and the Middle East. The acquisition provides a platform for further investment in tank storage and related infrastructure with a special focus on renewables, and underlines Aleph's commitment to expand and grow its energy asset business.

The acquisition also provides a framework for ESG investments, as Aleph and InterTank seek to jointly develop opportunities in the renewable energy sector.

Neal Kumar, Partner at Aleph Commodities, said “InterTank is a strategic platform for further infrastructure