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Announced

Royal Vopak acquires stake in LNG import facility in Colombia.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For49%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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lng import facility

Minority

Pending

Colombia

Ports

Private

Acquisition

Friendly

Single Bidder

Synopsis

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Royal Vopak, a Dutch company that stores and handles various oil, chemicals, edible oils and natural gas-related products, acquired a 49% stake in Sociedad Portuaria el Cayao, an LNG import facility in Colombia. Financial terms were not disclosed. Eelco Hoekstra, Chairman of the Executive Board and CEO of Royal Vopak, said “We are very much looking forward to this partnership with Promigas and to enter into the growing Colombian LNG market. This is another growth step in our LNG portfolio and it fits very well in our ambitions to grow and diversify our service offering in LNG.”

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