July 11, 2012 [Royal Vopak] - Royal Vopak (Vopak) today announces that it will sell a 30% non-controlling interest in Vopak Terminal Durban to Reatile Chemicals (Pty) Limited.
Reatile Chemicals is part of the Reatile Group, a South African company with three main industrial focus areas: mining services, energy and petrochemicals.
Since 2009 Vopak and Reatile are jointly developing growth opportunities in South Africa. With Reatile, Vopak Terminal Durban gains a shareholder contributing extensive local business experience required to enable further growth.
The official transaction date of this agreement is subject to approval by the local authorities.
