Dutch Vopak divests subsidiary in Estonia

Author: Jonathan Lopez


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.