EMEA News
Vopak Finalises UK Terminals Sale
Thursday March 31, 2016
Royal Vopak N.V. (Vopak) Today has announced that it has finalised the sale of its UK terminals, including the Vopak Terminal London, Vopak Terminal Teesside, and Vopak Terminal Windmill.
As Ship & Bunker reported in December, Vopak reached an agreement on two seperate transactions for the sale of the company's UK assets to MACQUARIE Group Limited (Macquarie Capital) and Greenergy.
Vopak confirms that the £335 million ($481.69 million) agreement will generate a net cash inflow of approximately £300 million ($431.37 million) for the company - a total exceptional gain of more than £200 million ($287.58 million).
In July, Ship & Bunker reported that Vopak had received an offer by an undisclosed bidder for its entire UK assets.
