December 20, 2013 [Royal Vopak] - On the 19th of December Royal Vopak announced the completion of the divestment of its equity interest in three terminals in Latin America.
Vopak has divested its 50%-equity interest in Vopak Oxiquim – Mejillones Terminal (10,000 cbm for chemicals) in Chile to its existing joint venture partner Oxiquim S.A. Furthermore, Vopak has divested its 100%-equity interest in Vopak Terminal San Antonio (21,557 cbm for various products) in Chile, and its 50%-equity interest in Vopak Terminal Ecuador (19,376 cbm for various products), both to QC Terminales S.A.C.
These divestments in Chile and Ecuador are part of Vopak’s continuous drive to further align its terminal network with long-term market developments.
The result on these divestments will be reported in Q4 2013 as an exceptional gain, which will not have any material impact on the financial results.
