KKR Sells CTT's Japan and Korea Businesses to Institutional Investors
TOKYO–(BUSINESS WIRE)–Global investment firm KKR today announced that funds managed by KKR have entered into separate agreements with institutional investors to sell Central Tank Terminal Co., Ltd. (“CTT”) in Japan and Central Terminal Korea Co., Ltd. (“CTK”) in Korea. CTT operates 12 tank-storage terminals across Japan’s key industrial regions, with more than 450 tanks and 420,000 kiloliters of capacity. In Korea, CTK operates a tank-terminal complex in Ulsan and grain-silo facilities in Uls