Royal Vopak has completed its announced sale of Vopak Holding UK, comprising Vopak's 33.3% investment in the joint venture Thames Oilport (former Coryton refinery) to Greenergy. The joint venture Thames Oilport is under development and has not yet been commissioned. This is the first of two transactions regarding the sale of all of Vopak's UK assets to respectively Greenergy and Macquarie Capital. The second transaction is expected to be completed by the end of Q1 2016.
For background information on this previously announced divestment and the related financial implications we refer to our press release issued on 19 December 2015.
About Royal Vopak
Royal Vopak is the world's leading independent tank storage provider for the oil and chemical industry. As of 29 January 2016, Vopak operates 74 terminals in 26 countries with a combined storage capacity of 34.3 million cbm, with another 4.3 million cbm under development, to be added during the period 2016 - 2019. Vopak's mission is to provide safe, efficient and clean storage and handling services of bulk liquid products and gases at key marine locations that are critical to its customers around the world. The majority of its customers are companies operating in the oil, chemicals and gas sector, for which Vopak stores a large variety of products destined for a wide range of industries. Vopak's strategic focus is on four categories of terminals: Major hubs supporting intercontinental products flows,Terminals facilitating growth in global gas markets, Import distribution terminals in major markets with structural deficits, Industrial and chemicals terminals in the Americas, the Middle East and Asia.