Vopak completes divestment of terminals in Amsterdam and Hamburg
30 Septembre 2019 - 12:02PM
Vopak completes divestment of terminals in Amsterdam and Hamburg
Vopak completes divestment of terminals in Amsterdam and
Hamburg
Rotterdam, the Netherlands, 30 September 2019Today, Royal Vopak
completed the earlier announced divestment of its terminals in
Amsterdam and Hamburg to First State Investments. This divestment
was announced on 5 April 2019. The total agreed transaction value
of the terminals in Amsterdam and Hamburg is around EUR 600
million, including a contingent consideration of EUR 15 million
which is subject to certain revenue conditions. At completion, the
transaction generates a cash inflow for Vopak of approximately EUR
555 million. The total exceptional gain after taxation will be
around EUR 190 million, to be recorded in the third quarter of
2019. For the divestment of the terminal in Algeciras, Vopak
is currently in discussion with the current minority shareholder in
this terminal, for the sale of our 80% share interest for the same
purchase price and terms and conditions as agreed with First State
Investments.At the completion of the transaction of the terminal in
Algeciras, the use of the total sales proceeds will be announced in
line with the strategy and financial framework as presented at the
Vopak Capital Markets Day 27 November 2018.Profile
Vopak Royal Vopak is the world’s leading independent tank
storage company. We store vital products with care. With over 400
years of history and a focus on sustainability, we ensure safe,
clean and efficient storage and handling of bulk liquid products
and gases for our customers. By doing so, we enable the delivery of
products that are vital to our economy and daily lives, ranging
from chemicals, oils, gases and LNG to biofuels and vegoils. We are
determined to develop key infrastructure solutions for the world’s
changing energy systems, while simultaneously investing in
digitalization and innovation. Vopak is listed on the Euronext
Amsterdam and is headquartered in Rotterdam, the Netherlands. For
more information, please visit vopak.comThis press release contains
inside information as meant in clause 7 of the Market Abuse
Regulation.For further information please contact:
Vopak Press Liesbeth Lans, Manager External
Communication, Telephone : +31 (0)10 4002777, e-mail:
global.communication@vopak.comVopak Analysts and investors
Laurens de Graaf, Head of Investor Relations Telephone : +31 (0)10
4002776, e-mail: investor.relations@vopak.com
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