Latham & Watkins represents Buckeye Partners of Houston in its pending purchase of a 50 percent equity interest in VTTI B.V., a large independent global marine terminal company, for $1.15 billion. Vinson & Elkins represents Vitol Group, a large independent energy trader and VTTI’s parent, in the transaction.

Vitol, based in Rotterdam, The Netherlands, and its investment partnership will continue to own the other half of VTTI.

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