Varo Energy has agreed to transfer its storage terminal in Hanau to Adolf Roth in an asset deal.
The facility, which opened in 1961, has a total capacity of 9,700 m3 and is used for heating oil and diesel.
The transaction complements Roth’s geographical positioning and optimises the utilisation of the terminal’s capacity. The divestment is part of Varo’s ongoing development of its portfolio.
The transfer of the terminal to Roth is due to take place on February 1.