Euroports has concluded a sale and purchase agreement with TOTAL Deutschland GmbH for TOTAL Deutschland’s shares in the joint venture Großtanklager-Ölhafen Rostock GmbH (GÖR) and the former Minol tank terminal with land, tanks and real estate. The closing of the transaction is subject to approval by the relevant authorities.
Euroports was already an equal shareholder in the GÖR joint venture, which was founded in 1996 with TOTAL Deutschland and is an independent tank terminal with a total capacity of around 700,000 m³ for the storage and handling of mineral oils, vegetable oils and other liquid goods.
In addition to the TOTAL and Euroports tank farms, GÖR also operates the tanks of PCK Raffinerie GmbH Schwedt and Dow Olefinverbund GmbH Böhlen on site.
Euroports has now signed long-term storage handling contracts with TOTAL Germany, which intends to continue using the tank terminal in the future.
Euroports is a leading port logistics specialist throughout Europe. The transaction allows the company to continue its long-standing and proven cooperation with TOTAL Deutschland, while strengthening its strategic position in Germany and further diversifying its liquid cargo activities.
For more information visit www.euroports.com