Royal Vopak completes sale of interest in Vopak SDIC Yangpu Terminal
Date
December 27, 2019
Type
M&A Transactions
Subtype
Transaction completed
Countries
China
Subsectors
O&G Midstream
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Royal Vopak has completed the divestment of its 49% equity share in the joint venture Vopak SDIC Yangpu Terminal in Hainan, China.
The terminal has a storage capacity of 1,339,000 cbm for the storage of crude and petroleum products.
This divestment is the outcome of the strategic review of the terminal, announced in February 2018. The financial details will be shared together with the publication of the fourth-quarter results on 12 February 2020.
