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ID - Vopak sells 3 Euro terminals to Aussie investor for $812MM - April 2019
Australian wealth manager Colonial First State Investments Ltd. will buy three terminals in Algeciras, Spain; Amsterdam; and Hamburg, Germany from Dutch storage company Vopak for $812 million (~€723 million). The sale, which Vopak said has an implied multiple of more than 10x EBITDA, is expected to close in H2. Vopak is working to shift its portfolio towards industrial, chemicals and LNG. In particular, it wants to expand chemical and bunker fuel terminals in Antwerp, Rotterdam, Singapore and Indonesia. Vopak announced in August it......
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