Vopak Divested its Ownership in Vopak E.O.S. in Estonia
04.05.2019 - NEWS

April 5, 2019 [Hellenic Shipping News] – Vopak and its partner Global Ports Investments PLC, announce that they have divested their 100% effective share ownership in the 50/50 joint venture Vopak E.O.S. to Liwathon.

 

Vopak E.O.S. operates a total storage capacity of 1,026,000 cbm in the Port of Tallinn and includes the railway company E.R.S. Ltd., a wholly owned subsidiary of Vopak E.O.S.

This divestment is the outcome of the earlier announced strategic review. In 2017, Vopak fully impaired its investment in Vopak E.O.S. The modest transaction result will be reported in the Q2 2019 results.

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