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Liwathon purchases Vopak’s Muuga terminals for $33m

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Meenal Datar

Membership specialist
Storage tanks with the Vopak logo on a blue sky

Liwathon has paid $32.8 million for Vopak EOS – the largest independent oil products terminal operator in the Baltic Region.

Vopak announced that it sold its 50% holding in EOS for €16.3 million. Global Ports is due to disclose its results from the first half of 2019 to the London stock exchange on September 20th, where it is believed that both companies will have sold their stakes for an equal price.

Liwathon EOS owns four oil terminals at Muuga with a combined capacity of 1.05 million cubic metres. It provides sea and rail transportation of oil products from Eastern Europe to Western Europe, America, and Southeast Asia.

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