Today, Royal Vopak announces the completion of the divestment of its 100%-equity interest in Vopak Terminals Pasir Gudang Sdn Bhd (VTPG) in Malaysia to PGEO Group Sdn Bhd, a wholly-owned subsidiary of Wilmar International Limited. The divestment of this 20,160 cbm chemicals terminal is part of the continuous drive to further align our terminal network with long-term market developments.
The result on the sale of the terminal will be reported in Q4 as an exceptional gain, which will not have any material impact on the financial results.