Vopak and its partner Global Ports Investments have divested their 100% share ownership in the joint venture Vopak E.O.S to Liwathon.
The terminal operates total storage capacity of 1.026 million m3 in the Port of Tallinn and includes the railway company E.R.S, a wholly owned subsidiary of Vopak E.O.S.
This sale is the outcome of the company’s earlier announced strategic review. In 2017, Vopak fully impaired its investment in Vopak E.O.S. The modest transaction result will be reported in the company’s Q2 2019 results.