Change in ownership Vopak Terminal Eemshaven

Change in ownership Vopak Terminal Eemshaven


Whitehelm Capital is set to purchase 90% of Vopak Terminal Eemshaven, a joint venture terminal in the Netherlands between Vopak and NIBC European Infrastructure Fund I C.V. (NEIF).

Whitehelm Capital is acquiring shares on behalf of two pension fund investors. Vopak will retain 10% of the shares.

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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 cubic meters, and has a deep-water jetty for seagoing vessels. The 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.

Whitehelm Capital has a long history of investing in the tank storage sector. Its investment in Vopak Terminal Eemshaven is consistent with Whitehelm’s approach of investing in tank storage assets.

Vopak’s transaction is in line with its strategy to focus its ownership within Vopak’s global network on four terminal types: industrial, gas, distribution and hub terminals.

For more information visit www.vopak.com and www.whitehelmcapital.com

1st Oct 2017