Independent tank storage company Royal Vopak completed the earlier announced divestment of its oil terminal in Algeciras to First State Investments. It said this divestment is the finalisation of the sale of three terminals (Amsterdam, Hamburg and Algeciras) to First State Investments, as previously announced.

This announcement comes ahead of Vopak’s 2019 full-year results, which it will publish on February 12. These will include the financial results of the divestment, which it said are “in line with previous announcements made in 2019”.

The 400-year old Rotterdam-based company deals with the storage and handling of bulk liquid products and gases for its customers. It says it “stores vital products with care”. These products include everything from chemicals, oils, gases and LNG to biofuels and vegoils.

It said in a statement: “We are determined to develop key infrastructure solutions for the world’s changing energy systems, while simultaneously investing in digitalisation and innovation.”

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3rd February 2020