Dutch Vopak divests subsidiary in Estonia
Jonathan Lopez
03-Apr-2019
LONDON (ICIS)–Vopak and Global Ports Investments have divested their 50:50 joint venture in Estonia, Vopak EOS, the Dutch chemicals storage and transport major said on Wednesday.
The two firms sold Vopak EOS to Abu Dhabi-headquartered Liwathon, a commodities trading and logistics company.
Vopak EOS operates a storage capacity of 1.03m cubic metres (cbm) in the Port of Tallinn.
The Estonian firm also owns the railway company ERS.
Financial terms of the transaction were not disclosed.
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