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Vopak and Exmar decide not to pursue the FSRU transaction

26 April 2017, 00:00

On 21 December 2016, Vopak and Exmar announced they reached a conditional agreement on the acquisition by Vopak of Exmar's participation in FSRU assets. As previously stated, the finalization of the deal was subject to consent and cooperation of multiple stakeholders.  

After careful consideration, Vopak and Exmar have concluded that these requirements will not be met on the envisaged transaction. Therefore the closing of the FSRU transaction between Vopak and Exmar will no longer be pursued.

Profile Royal Vopak
Royal Vopak is the world's leading independent tank storage provider for the oil and chemical industry. As of 26 April 2017, Vopak operates 67 terminals in 25 countries with a combined storage capacity of 35.7 million cbm, with another 2.8 million cbm under development, to be added before the end of 2019. Vopak's mission is to provide safe, efficient and clean storage and handling services of bulk liquid products and gases at key marine locations that are critical to its customers around the world. The majority of its customers are companies operating in the oil, chemicals and gas sector, for which Vopak stores a large variety of products destined for a wide range of industries. Vopak's strategic focus is on four categories of terminals: Major hubs supporting intercontinental products flows, Terminals facilitating growth in global gas markets, Import distribution terminals in major markets with structural deficits, Industrial and chemicals terminals in the Americas, the Middle East and Asia.

Profile Exmar NV
Exmar NV, with its headquarters in Antwerp, is the largest FSRUs operator in the world and a leading independent owner and operator of LNG/LPG Carriers. Exmar is also providing a wide range of industrial, marine and logistical solutions covering the processing, handling, liquefaction, transport and regasification of gas for the benefit of clients active in the energy, power and industry sectors. Exmar has a diversified fleet of ships/assets, including gas transportation and storage solutions and several offshore assets. Having over decades of experience in the shipping and handling of cryogenic gases, Exmar maintains a high leadership profile with the industry's largest players through successful operations and continuous innovation.

 

For more information regarding Vopak please contact:

Press
Liesbeth Lans, Manager External Communication,
Telephone : +31 (0)10 4002777, e-mail: global.communication@vopak.com

Analysts and investors
Chiel Rietvelt, Head of Investor Relations,
Telephone : +31 (0)10 4002776, e-mail: investor.relations@vopak.com

For more information regarding Exmar please contact:

Miguel de Potter, CFO
Telephone: +32 3 247 56 70
www.exmar.be

This press release contains inside information as meant in clause 7 of the Market Abuse Regulation.

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