Whitehelm Capital and Royal Vopak have announced a change in ownership in Vopak Terminal Eemshaven, a joint venture terminal in the Netherlands between Vopak and NIBC European Infrastructure Fund I C.V. (NEIF).
Whitehelm Capital will acquire 90% of the shares in the company from Vopak and NEIF on behalf of two pension fund investors. Vopak will retain 10% of the shares.
Vopak Terminal Eemshaven provides services for the storage of strategic reserves of liquid oil products, such as gasoil and gasoline. The terminal comprises 11 tanks with a total storage capacity of 684 025 m3. It also has a deep-water jetty for seagoing vessels.
This financial ownership transaction will not have any impact on the terminal operations or name of the terminal. Vopak will continue to manage and operate the terminal.
Read the article online at: https://www.hydrocarbonengineering.com/tanks-terminals/29092017/vopak-terminal-eemshaven-changes-ownership/