Dutch Vopak to sell 30% stake in S African terminal to Reatile

11 July 2012 08:28  [Source: ICIS news]

SINGAPORE (ICIS)--Dutch logistics firm Vopak on Wednesday said it will sell a 30% stake in its terminal in Durban to South African firm Reatile Chemicals.

“With Reatile, Vopak Terminal Durban gains a shareholder contributing extensive local business experience required to enable further growth,” Vopak said in a statement.

Financial details of the sale, which is still subject to regulatory approvals, were not disclosed.

By: Pearl Bantillo
+65 6780 4359

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