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Vopak divested its ownership in the Yangpu oil terminal in Hainan, China
Today, Vopak announces that it has completed the divestment of its 49% equity share in the joint venture Vopak SDIC Yangpu Terminal in Hainan, China. The terminal has a storage capacity of 1,339,000 cbm for the storage of crude and petroleum products.
This divestment is the outcome of the strategic review of the terminal, announced in February 2018. The financial details will be shared together with the publication of the Q4 results on 12 February 2020.
Royal Vopak is the world’s leading independent tank storage company. We store vital products with care. With over 400 years of history and a focus on sustainability, we ensure safe, clean and efficient storage and handling of bulk liquid products and gases for our customers. By doing so, we enable the delivery of products that are vital to our economy and daily lives, ranging from chemicals, oils, gases and LNG to biofuels and vegoils. We are determined to develop key infrastructure solutions for the world’s changing energy systems, while simultaneously investing in digitalization and innovation. Vopak is listed on the Euronext Amsterdam and is headquartered in Rotterdam, the Netherlands. For more information, please visit vopak.com
For further information please contact:
Liesbeth Lans, Manager External Communication,
Telephone : +31 (0)10 4002777, e-mail: firstname.lastname@example.org
Vopak Analysts and investors
Laurens de Graaf, Head of Investor Relations
Telephone : +31 (0)10 4002776, e-mail: email@example.com