Today, Royal Vopak announces the completion of the divestment of its equity interest in three terminals in Latin America.
Vopak has divested its 50%-equity interest in Vopak Oxiquim - Mejillones Terminal (10,000 cbm for chemicals) in Chile to its existing joint venture partner Oxiquim S.A. Furthermore, Vopak has divested its 100%-equity interest in Vopak Terminal San Antonio (21,557 cbm for various products) in Chile, and its 50%-equity interest in Vopak Terminal Ecuador (19,376 cbm for various products), both to QC Terminales S.A.C.
These divestments in Chile and Ecuador are part of Vopak’s continuous drive to further align its terminal network with long-term market developments.
The result on these divestments will be reported in Q4 2013 as an exceptional gain, which will not have any material impact on the financial results.
Profile Royal Vopak
Royal Vopak is the world’s largest independent liquid bulk tank storage service provider by capacity, specializing in the storage and handling of oil products, liquid chemicals and gasses. The company operates 79 terminals with a combined storage capacity of more than 30 million cubic meters in 29 countries. Vopak’s terminals are strategically located for users along the major shipping routes. The majority of its customers are companies operating in the chemical and oil industries, for which Vopak stores a large variety of products destined for a wide range of industries.