Aug 10 (Reuters) - Qube Holdings Ltd QUB.AX :
* Tonengeneral joint venture
* Entered into an agreement to form a 50/50 joint venture with Japanese petroleum group tonengeneral sekiyu k.k.
* Says Qube presently expects to fund its 50% share of this capex from
available cash and debt facilities
* Jv also entered into an agreement to acquire the fuel marketing and
distribution business, petro national, in Australia
* Storage facility has a potential capacity of 230 million litres with
commissioning expected in mid to late 2017.
* Storage facility has a potential capacity of 230 million litres with
commissioning expected in mid to late 2017
* Says joint venture will retain the existing senior management team of petro
national
* Total capital expenditure for the fuel storage facility, the national
terminals assets and the petro national acquisition is expected to be around
$150 million
* Joint venture will acquire the assets of the national terminals group to
facilitate the development
* Source text for Eikon ID:nASX5fGFkN