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Vopak to divest about 15 tank terminals following strategy review

6:00 AM MDT | July 2, 2014 | Ian Young

Vopak says it plans to divest about 15 tank storage terminals, primarily smaller terminals, that together contribute about 4% of group Ebitda. The restructuring is an outcome of a business and strategy review anounced by Vopak in December 2013. Vopak says that, following the divestments, its tank terminal portfolio will consist of major hubs supporting intercontinental product flows; terminals facilitating growth in global gas markets; import distribution terminals in major markets with structural deficits; or industrial and chemical terminals in the Americas...

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