KKR Sells CTT's Japan and Korea Businesses to Institutional Investors
Business Wire•29/09/2026•19:05 ET
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Key Highlights
- ➤KKR (KKR) agrees to sell CTT’s Japan business to institutional investors
- ➤KKR (KKR) agrees to sell CTK’s Korea business to institutional investors
- ➤CTT operates 12 terminals, more than 450 tanks and 420,000 kiloliters capacity
- ➤Financial terms of the transactions have not been disclosed
- ➤Transaction completion remains subject to customary closing conditions
Expert Statements
Yasuka Miyakawa, President & CEO of CTT
“KKR has played a valuable role in CTT’s growth, strengthening our capabilities, expanding our terminal network, and investing in the people and facilities that enable us to better serve our customers. We are grateful for KKR’s support and look forward to building on this momentum in our next chapter.”
Chansoo Kim, CEO of CTK
“Under KKR’s ownership, CTK has advanced its growth plans, strengthened our commercial and operational capabilities, and continued investing in safe, reliable infrastructure for our customers. We thank KKR for its collaboration and look forward to the business’ continued growth.”
Keith Kim, Partner at KKR
“We saw an opportunity to build on CTT’s leading national network and CTK’s strategic Ulsan position to scale critical chemical-storage and logistics infrastructure in high-barrier, demand-resilient markets. Working closely with CTT and CTK, we strengthened their capabilities, expanded capacity and enhanced operational excellence. Both businesses are well positioned to continue their growth journeys.”
KKR Sells CTT's Japan and Korea Businesses to Institutional Investors
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.
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