Dutch Vopak sells Finnish terminals for EUR 43m

Dutch oil storage firm Vopak (AMS:VPK) said Wednesday it had sold its two terminals in Finland to Oiltanking Sonmarin Oy, a wholly-owned subsidiary of German terminal operator Oiltanking GmbH, for some EUR 43 million (USD 46.9m).

Vopak expects to book a profit of EUR 18 million on the sale in the third quarter of 2015.

The terminals have a combined operational capacity of 175,400 cu m (6.2m cu ft).

The sale is in line with Vopak's plans to offload fifteen smaller terminals. The company operates 74 terminals in 27 countries with a combined storage capacity of 32.7 million cu m.

(EUR 1.0 = USD 1.090)

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