As part of its strategy to focus on ‘growing its footprint in gas and industrial terminals and accelerate towards new energies’, Vopak has reached an agreement with Infracapital on the sale of its three chemical terminals in Rotterdam.
The Botlek, TTR and Chemiehaven terminals are being sold for €407 million including a conditional deferred payment of €19.5 million. The combined operational capacity of the three terminals is 1.4 million cubic metres (cbm).
Infracapital is the infrastructure equity investment arm of M&G Plc. The transaction is subject to works council consultation and customary closing conditions and is expected to close before year end.
In a statement issued today (19 September), Michiel Gilsing, Member of the Executive Board and CFO of Vopak, said: ‘The divestment of the three chemical terminals in Rotterdam is in line with our strategic goals to improve the financial performance of the portfolio, grow Vopak’s footprint in gas and industrial terminals and accelerate towards new energies.’