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Vopak completes sale of three chemical terminals in Rotterdam

Written by...

Cyann Fielding

Cyann Fielding

Journalist at Tank Storage Magazine.
Liquid Natural Gas storage tanks and tanker at dusk, Port of Rotterdam

Vopak has completed the sale of its three chemical terminals in Rotterdam (Botlek, TTR and Chemiehaven) to Infracapital for a total purchase price of €407 million including a conditional deferred payment of €19.5 million. Total cash receipt net of transaction costs and net debt items at closing is €372 million.

The combined operational capacity of the three terminals is 1.4 million cbm. This follows our announcements on the strategic review on 15 February 2023 and on the agreement for sale on 19 September 2023.

Dick Richelle, CEO of Vopak, says: ‘The successful completion of this acquisition and divestment supports our strategic goals and positions the portfolio towards higher and long-term cash returns. It grows our footprint in gas and allows acceleration towards new energies in the future. Vopak’s unique global portfolio and partnerships strategically position us to leverage the strong market fundamentals and energy transition opportunities. We are proud to be leading the way in providing infrastructure solutions that are and will be essential to the economy and the daily lives of people around the world.’

 

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