Royal Vopak : agreement on sale of all UK assets

Today, Royal Vopak announces that it has reached agreement on the sale of all of its UK assets to Macquarie Capital and Greenergy. Macquarie Capital will acquire 100% of the shares of the three wholly-owned terminals: Vopak Terminal London, Vopak Terminal Teesside and Vopak Terminal Windmill, to become part of Navigator Terminals. Greenergy will acquire Vopak Holding UK, comprising Vopak’s 33.3% investment in the joint venture Thames Oilport (former Coryton refinery). Both transactions are expected to be completed by the end of Q1 2016, subject to certain conditions. ….