Royal Vopak completes divestment of oil terminal in Algeciras
Royal Vopak completed the earlier announced divestment of its oil terminal in Algeciras to First State Investments. This divestment is the finalization of the sale of three terminals (Amsterdam, Hamburg, and Algeciras) to First State Investments. With the completion of this transaction, First State Investments now owns 100% of the shares in Vopak Terminal Algeciras.
The total transaction value agreed with First State Investments for 100% of the shares in the terminal is EUR125 million (US$137.583 million) and the transaction is expected to generate a net pre-tax cash inflow for Vopak of approximately EUR120 million (US$132.080 million) at completion. The total expected exceptional gain before taxation will be around EUR10 million (US$11 million).
Country updates
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January 30, 2020
Basque Country, Krean commission 24 MW solar project in Ribera Baja
The energy agency of the Basque Country, Ente Vasco de la Energia (EVE), in partnership with the local Grupo Krean, a part of Mondragon Corporation, has commissioned the 24 MW solar photovol...
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January 22, 2020
Asterion Industrial reaches EUR1.1bn final close for Infrastructure Fund I
Asterion Industrial Partners, an independent investment manager focused on infrastructure investments in Europe, has reached a final close of EUR1.1 billion (US$1.22 billion) on its inaugural fund Ast...
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January 20, 2020
Tender launched seeking technical adviser for Málaga Metro extension project
The Junta de Andalucia in Spain has launched tender notice seeking technical advisor for underground extension of Line 2 of the Málaga Metro to the Civil Hospital, Malaga is a port city in Sout...
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December 24, 2019
Arcus European Infrastructure Fund 1 sells 41.1% interest in Alpha Trains to APG
APG has acquired an indirect 41.1% interest in Alpha Trains, the leading passenger train and locomotive leasing company in Continental Europe, from Arcus European Infrastructure Fund 1 (AEIF1). Alpha...
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December 20, 2019
Acquisition of Celeo Concesiones e Inversiones by AGP and Elecnor approved
The European Commission (EC) has approved, under the EU Merger Regulation, the acquisition of Celeo Concesiones e Inversiones S.L. (CC&I) of Spain by Pasterze Investments Holding B.V. (PIH), of th...
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