03:49 PM EST - World Point Terminals Inc. : said that its unit, Center Point Terminal Co., completed the acquisition of a 680,000-barrel petroleum storage facility located in Weirton, West Virginia for US$9.14 million. The terminal assets were purchased from Petroleum Fuel & Terminal Co., a unit of Apex Oil Co. Inc. The closing of the purchase of the Weirton terminal assets completes the acquisition of the Weirton terminal facility. In June 2009, Center Point acquired approximately 10.62 acres of land underlying the Weirton facility from ArcelorMittal Weirton, Inc., an unrelated party, for $743,000 U.S., subject to the remaining term of a land lease to the Apex Oil subsidiary. World Point Terminals Inc.
shares T.WPO are trading down $0.76 at $15.25.
