Euroports to acquire the remaining stake in Großtanklager-Ölhafen Rostock from TOTAL Deutschland.

Euroports, a port-infrastructure company in Europe, agreed to acquire the remaining stake in Großtanklager-Ölhafen Rostock, a joint venture with TOTAL, from TOTAL Deutschland, an energy company. The completion of the sale is subject to the approval of the responsible authorities. Financial terms were not disclosed. “We would like to thank EUROPORTS for the good cooperation over the past years. Our two companies share a high standard of safety, quality and performance. The sale is in line with the Total Group's strategy of actively managing its investment portfolio. The long-term warehouse handling contracts that have now been concluded show our confidence in a successful continuation of the cooperation," Christian Cabrol, TOTAL Deutschland Managing Director.