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Terminal News

Vopak divests Algeciras terminal to First State Investments

Vopak divests Algeciras terminal to First State Investments
Vopak has sold all shares in Vopak Terminal Algeciras after acquiring to 20% of shares held by minority shareholder Vilma Oil.

Once the transaction, valued at €125 million, is complete, it is expected to generate a net pre-tax cash inflow for Vopak of €120 million at completion. The total expected exceptional gain before taxation will be around €10 million.

The news follows the sale of Vopak's terminals in Hamburg and Amsterdam to First State, which have been rebranded to Evos Hamburg and Evos Amsterdam respectively.



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