Rotterdam, the Netherlands, 3 April 2019
Today, Vopak and its partner Global Ports Investments PLC, announce that they 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 1,026,000 cbm in the Port of Tallinn 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 Q2 2019 results.
Profile Vopak
Royal Vopak is the world's leading independent tank storage company. Vopak operates a global network of terminals located at strategic locations along major trade routes. With a 400-year history and a strong focus on safety and sustainability, Vopak ensures safe, clean and efficient storage and handling of bulk liquid products and gases for its customers. By doing so, Vopak enables the delivery of products that are vital to our economy and daily lives, ranging from chemicals, oils, gases and LNG to biofuels and vegoils. For more information please visit us on www.vopak.com
This 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.com
Vopak Analysts and investors
Laurens de Graaf, Head of Investor Relations
Telephone : +31 (0)10 4002776, e-mail: investor.relations@vopak.com
