Vopak announces that the joint venture Pakterminal in Tallinn, Estonia today has signed a contract with Estonian Transoil to acquire three tanks as well building rights next to the existing terminal of Pakterminal.

The three acquired tanks have a capacity of 32,500 cbm and were already in lease by Pakterminal. Through the acquisition of the building rights Pakterminal has the possibility to expand its existing capacity of 251,000 cbm with a further 55,000 cbm to meet market demand.

The acquisition is paid out of the cash flow of the joint venture in which Vopak participates for 50%.

Profile
Royal Vopak provides independent tank terminal capacity over the whole world to the chemical and oil industries for the storage of liquid and gaseous chemical products and oil products. Related to this, Vopak also provides a wide range of logistic services, independently or in cooperation with strategic partners.

The company is divided globally into five market regions and operates a network of 71 tank terminals with a combined storage capacity of approximately 19.9 million m3 in 29 countries.

For further information, please contact:
Royal Vopak
Corporate Communication & Investor Relations
Bon Ellemeet
Telephone : + 31 10 4002777

E-mail : corporate.communication@vopak.com
Web site : http://www.vopak.com/