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Vopak signs China deal

6:42 AM MDT | April 25, 2014

Vopak has signed an equity transfer agreement with Xianglu Petrochemical Zhangzhou (Zhangzhou, China), a subsidiary of Xianglu Petrochemicals (Xiamen, China), under which Vopak will acquire a 30% stake in Zhangzhou Gulei Haiteng Jetty Investment Management (Gulei, China). Zhangzhou Gulei Haiteng owns a tank terminal, commissioned in 2013, with 890,000 cubic meters of storage capacity for petrochemical products. The acquisition is expected to close this...

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