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Vopak to Sell 30% Stake in Vopak Terminal Durban to Reatile Chemicals

7:24 AM MDT | July 11, 2012 | Deepti Ramesh

Vopak says it will sell a 30% noncontrolling interest in its wholly owned unit Vopak Terminal Durban (Durban, South Africa) to Reatile Chemicals (Johannesburg). Reatile Chemicals is part of the Reatile Group (Johannesburg), a company with three main industrial focus areas: mining services, energy, and petrochemicals. Completion of the transaction is subject to the approval of local authorities, Vopak says. Since 2009, Vopak and Reatile have been jointly developing growth opportunities in South Africa. With Reatile, Vopak Terminal Durban gains a...

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