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/