Vopak, BlackRock JV Buys Three US Industrial Terminals From Dow for $620 Million
14 Settembre 2020 - 7:45AM
Dow Jones News
By Adria Calatayud
A joint venture between Koninklijke Vopak NV and BlackRock
Inc.'s Global Energy & Power Infrastructure Fund has agreed to
acquire three industrial terminals on the U.S. Gulf Coast from Dow
Inc. for $620 million, Vopak said Monday.
Vopak, a Dutch tank-storage company, said a new joint venture
called Vopak Industrial Infrastructure Americas LLC, has been
selected by Dow for the deal. The JV will enter into long-term
service agreements with Dow for storage and infrastructure
services, the Dutch company said.
The total capacity of the three terminals--in Freeport, Texas,
St. Charles and Plaquemine, both in Louisiana--is 852,000 cubic
meters, Vopak said.
The deal is expected to be closed before the end of 2020,
subject to customary closing conditions, Vopak said.
Write to Adria Calatayud at adria.calatayud@dowjones.com
(END) Dow Jones Newswires
September 14, 2020 01:30 ET (05:30 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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