The sale of Vopak’s UK terminal assets to Macquarie Capital and Greenergy has been completed.
The assets comprise Vopak’s terminals in West Thurrock, London, Seal Sands, Teeside and Windmill near Cardiff, Wales. The sale follows the previously announced completion of the sale of Vopak’s share in Thames Oilport.
As previously reported, Macquarie Capital and Greenergy have established Navigator Terminals, which will have an initial storage capacity of 1.5 million m3, which makes it the UK’s largest independent bulk liquid storage provider.
Vopak reports that the cash and debt free enterprise value of the total divestment of all Vopak’s UK assets amounts to £335 million.