Vopak Offloads Algeciras Terminal
Dutch tank storage company Royal Vopak has completed the divestment of its oil terminal in Algeciras, Spain.
In April 2019, Vopak inked an agreement with First State Investments for the sale of 100% of the shares in Vopak Terminal Algeciras for EUR 125 million (USD 138 million).
Previously, Vopak had an 80% controlling stake in the facility.
As explained, the newest divestment is the finalization of the sale of three terminals — Amsterdam, Hamburg and Algeciras — to First State Investments.
The first two terminals were sold in September 2019 for EUR 600 million (USD 655.5 million).
The move is part of the company’s strategy focused on industrial, chemical and gas terminals as well as strengthening its presence in Rotterdam and Antwerp.
List of related news articles
-
Posted: 26 days ago
EU backs Port of Algeciras LNG bunkering vessel build
The Spanish port of Algeciras has been granted EU support for the construction of a dedicated liquef...
Posted: 26 days ago -
Posted: about 1 month ago
Duo to conduct South Africa LNG terminal feasibility study
Affiliates of U.S. energy major ExxonMobil and Dutch storage tank firm Royal Vopak will be working o...
Posted: about 1 month ago -
Posted: 11 days ago
Rotterdam: Vopak joins feasibility study for shore power use
Dutch power company Eneco and the Port of Rotterdam Authority, united in Rotterdam Shore Power BV, h...
Posted: 11 days ago -
Posted: 5 months ago
HMM sells stake in Algeciras container terminal to CMA CGM
South Korean shipping major HMM has signed a sales and purchase agreement with French counterpart CM...
Posted: 5 months ago