Gadot buys ADPO chemical terminal in Ghent, Belgium - Update
08.25.2010 - NEWS
August 23, 2010 [RTT News] - Ampal-American Israel Corp. announced yesterday that its subsidiary, Gadot Chemical Tankers and Terminals Ltd., through its wholly-owned subsidiaries, has completed the previously announced purchase of the entire issued and outstanding share capital of ADPO GHENT NV for a purchase price of Euro 30,000,000.

The transaction was completed on August 20. Gadot’s subsidiary obtained a long term credit facility from Israel Discount Bank Ltd for the financing of the purchase price.

ADPO Ghent operates a state of the art chemical storage terminal in Ghent, Belgium, over an area of 25 hectares of land, with a storage capacity of approximately 100,000 Cubic Meters, and its purchase shall allow Gadot to expand its global business and maximize Gadot’s abilities for delivering products and services worldwide.

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