Vopak has completed the sale of its oil terminal in Algeciras to First State Investments.
This divestment is the finalisation of the sale of three terminals (Amsterdam, Hamburg and Algeciras) to First State Investments.
As previously reported, the total agreed transaction value of the terminals is €723 million and follows a strategic review of these terminals in 2018. Vopak says that its main focus in Europe is to further strengthen its position in the industrial clusters of Rotterdam and Antwerp.
The company will publish its 2019 full-year results on February 12.
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