Vopak divests its ownership in Vopak E.O.S.
Published by Callum O'Reilly,
Senior Editor
Tanks and Terminals,
Vopak and its partner Global Ports Investments plc have divested their 100% effective share ownership in the 50/50 joint venture Vopak E.O.S. to Liwathon.
Vopak E.O.S. operates a total storage capacity of 1.026 m3 in the Port of Tallinn, Estonia, and includes the railway company E.R.S. Ltd, a wholly owned subsidiary of Vopak E.O.S.??
This divestment is the outcome of the earlier announced strategic review.
In 2017, Vopak fully impaired its investment in Vopak E.O.S. The modest transaction result will be reported in the 2Q19 results.
Read the article online at: https://www.tanksterminals.com/storage-tanks/04042019/vopak-divests-its-ownership-in-vopak-eos/
You might also like
Hydrocarbon Engineering Podcast
Peter Davidson, CEO of the Tank Storage Association (TSA), joins us to discuss the essential role that the tank storage sector has to play in ensuring supply security and resilience, as well as in facilitating the energy transition.
Exolum invests €50 million into Barcelonan airport fuel infrastructure
Exolum has made plans to invest over €50 million in improving storage and distribution infrastructure for aviation fuel at Barcelona-El Prat Airport, Spain.