Whitehelm Capital will acquire 90% of the shares in Vopak Terminal Eemshaven from Vopak and NIBC European Infrastructure Fund.
The company is acquiring the shares on behalf of two pension fund investors and Vopak will retain 10% of the shares.
The terminal in the Netherlands provides for the storage of strategic reserves of liquid oil products, such as gasoil and petrol. The terminal comprises 11 tanks with a total capacity of 684,025 m3. It also has a deep water jetty for seagoing vessels.
This transaction will not have any impact on the terminal operations or name of the terminal. Vopak will continue to manage and operate the terminal in accordance with its global standards.
In a statement Whitehelm says that this investment is consistent with its approach of investing in high quality tank storage assets that benefit from strong contractual protections with exceptional operational performance.