AVTL filed draft red herring prospectus with Securities and Exchange Board of India 19 November 2024, Rotterdam, the Netherlands Following the publication of the press release dated 29 October 2024 and the press release dated 9 July 2024 , AVTL has now filed the draft red herring prospectus with the Securities and Exchange Board of India (‘SEBI’). The formal approval process with SEBI is expected to take several months. AVTL is the largest Indian third-party owner and operator of tank...
The Netherlands, 30 October 2024 Vopak reports continued strong results in Q3 2024 Key highlights Q3 2024 Improve Net profit -including exceptional items- YTD Q3 2024 of EUR 312 million and EPS of EUR 2.56 year to date Proportional EBITDA -excluding exceptional items 1 - increased YTD Q3 2024 by EUR 22 million to EUR 894 million driven by growth project contributions Our joint venture in India, has undertaken a primary equity issue of 3.4% for an equivalent amount of EUR 88 million and continues...
AVTL in India undertakes primary equity issue 29 October 2024, Rotterdam, the Netherlands Today, we announce an update regarding funding in the joint venture AVTL in follow up of our press release dated 9 July 2024 . AVTL has reached an agreement for a primary equity issue to investors for an amount of INR 8.0 billion equivalent to EUR 88 million. The proceeds of the Issue are proposed to be utilised for repayment of all, or a portion, of the outstanding unsecured borrowings of AVTL and for the...
The Northern Territory Government and Vopak sign MoU to cooperate on common user CO2 infrastructure hub in Australia 5 August 2024, Australia On 31 July 2024, the Northern Territory Government and Vopak signed a memorandum of understanding (MoU), to develop a common-user infrastructure including a CO2 import terminal in the Middle Arm Sustainable Development Precinct - Northern Territory, Australia. The MoU frames how the government and Vopak will cooperate to progress the development of common...
The Netherlands, 26 July 2024 Vopak reports continued strong results and announces capacity expansions in industrial terminals Key highlights HY1 2024 Improve Net profit -including exceptional items- in HY1 2024 of EUR 213 million and EPS of EUR 1.73 Proportional EBITDA -excluding exceptional items 1 - increased in HY1 2024 to EUR 599 million compared to HY1 2023 (EUR 586 million), driven by growth project contributions and a certain one-off item that fully offset divestment impacts Updated...
9 July 2024, Rotterdam, the Netherlands Today, we announce that the joint venture Aegis Vopak Terminals Ltd (AVTL) is exploring options to fund future growth for AVTL. These options may include among others a potential fund raise by way of public issue, preferential issue or combination thereof of the equity shares and debt for the JV company and as may be decided by the AVTL board in absolute discretion and permitted under applicable laws and regulations. Aegis Vopak Terminals Ltd is India’s...
AltaGas and Vopak reach positive final investment decision on Ridley Island Energy Export Facility World class export facility will strengthen Canada’s position as a growing global energy exporter Calgary and Prince Rupert, Canada; Rotterdam, The Netherlands 29 May 2023 – 6:30pm Mountain Standard Time / 30 May 2023 – 3:30 Central European Time. All figures contained in the press release are in Canadian dollars unless otherwise stated. AltaGas Ltd. (“AltaGas”) (TSX: ALA) and Royal Vopak...
Resolutions passed by Vopak’s Annual General Meeting Rotterdam, the Netherlands, 24 April 2024 The Annual General Meeting of Koninklijke Vopak N.V. (Royal Vopak) held on 24 April 2024 passed the following resolutions: Positive advisory vote implementation remuneration policy for the 2023 financial year. Adoption of the financial statements for the 2023 financial year. Approval of the proposed dividend. A dividend of EUR 1.50 per ordinary share with a nominal value of EUR 0.50 will be...
The Netherlands, 24 April 2024 Vopak reports strong Q1 2024 results and increases FY 2024 outlook Key highlights Q1 2024 Improve Increased net profit -including exceptional items 1 - in Q1 2024 to EUR 106 million, an improvement of 3% year-on-year, driven by favorable storage demand across different geographies and markets Increased proportional EBITDA -excluding exceptional items 1 - in Q1 2024 to EUR 298 million, an improvement of 9% year-on-year when adjusted for divestment impacts of EUR 21...
The Netherlands, 14 February 2024 Vopak reports strong FY 2023 results, announces substantial progress on strategy execution and increases shareholder distribution Key highlights FY 2023 Improve EBITDA in FY2023 increased to EUR 964 million, proportional EBITDA to EUR 1,154 million and operating cash return to 14% Reduced our CO2 footprint by 25% compared to our baseline of 2021 and further improved our safety performance Actively managed our portfolio with strategic divestments completed and...
Vopak announces share buyback program to return up to EUR 300 million to shareholders Rotterdam, the Netherlands, 14th February 2024 Today, Vopak announces the start of a share buyback program to return up to EUR 300 million to shareholders. The share buyback program will start 15 February 2024 and will run until the end of 2024, barring unforeseen circumstances. Vopak will cancel these shares subject to the relevant board and shareholder approvals. The share buyback program will be executed...
Frits Eulderink to step down as member of the Executive Board as per 24 April 2024 Rotterdam, the Netherlands, 19 December 2023 07:00 CET The Supervisory Board of Royal Vopak announces the step down of Vopak's COO and member of the Executive Board Frits Eulderink as per the next AGM on 24 April 2024. Frits will remain available and keep contributing to Vopak’s strategy execution and among others certain ESG and energy transition projects until June 2025. The Executive Board will continue after...
Vopak portfolio update Rotterdam, the Netherlands, 1 December 2023 07:00 CET Today, Vopak provides an update on its portfolio related to the successful completion of the 50% acquisition of EemsEnergyTerminal and completion of the sale of the three chemical terminals in Rotterdam. This update is in line with the Vopak strategy to improve its financial and sustainability performance, to grow its base in industrial and gas terminals, and to accelerate towards new energies and feedstocks....
Rotterdam, the Netherlands, 1 November 2023 07:00 CET Today at 10:30 AM CET, Vopak will host an Analyst & Investor Day during which the Executive Board will provide an update on the progress it is making on executing towards its strategy priorities to: improve financial and sustainability performance, grow in industrial and gas and accelerate towards new energies and sustainable feedstock. In addition, an update will be provided on the growth opportunities Vopak is pursuing by leveraging its...
Rotterdam, the Netherlands, 25 October 2023 Vopak reports strong third quarter 2023 results and increases its EBITDA outlook for FY 2023 Key highlights Q3 2023 Improve: EBITDA in Q3 2023 of EUR 241 million. FY 2023 EBITDA outlook increased to around EUR 970 million. Reached an agreement on the sale of chemical terminals in Rotterdam, the Netherlands. Grow: Gate terminal starts the construction of the 4th LNG tank at the port of Rotterdam, the Netherlands. Solidifying our leading industrial...
Vopak reaches agreement with Infracapital on the sale of its chemical terminals in Rotterdam Rotterdam, the Netherlands, 19 September 2023 08:00 CEST Vopak announces that it has reached an agreement with Infracapital on the sale of its three chemical terminals in Rotterdam (Botlek, TTR and Chemiehaven) for a total purchase price of EUR 407 million including a conditional deferred payment of EUR 19.5 million. Total expected cash receipt net of transaction costs and net debt items at closing is...
Gate terminal starts construction of 4th LNG tank at the port of Rotterdam Rotterdam, the Netherlands, 23 August 2023 07:00 CEST Gate terminal and its shareholders Gasunie and Vopak, are pleased to announce that the final investment decision has been taken to expand Gate terminal’s storage and regasification capacity. The expansion consists of a new LNG storage tank of 180,000 cubic meters and additional regasification capacity of 4 BCM per year. The new capacity is already rented out under...
Save the date: Analyst & Investor Day - November 1 st 2023 Vopak will host its Analyst & Investor Day on November 1 st 2023 in Rotterdam, the Netherlands. The Executive Board will provide a comprehensive update on the progress of strategy execution followed by a site visit to Vopak’s recently commissioned capacity for waste-based feedstocks at our Vlaardingen terminal in Rotterdam. Advanced registration for the in-person event is required. Analysts and institutional investors interested in...
Rotterdam, the Netherlands, 28 July 2023 Vopak reports strong First Half Year 2023 results and confirms its outlook for FY 2023 Key highlights HY1 2023 Improve: EBITDA in HY1 2023 of EUR 494 million. FY 2023 outlook confirmed. Repurposing part of capacity into vegetable oil storage in Deer Park terminal, Houston. Completed divestment of Savannah terminal, Colombian chemical terminals classified as held for sale, strategic review of Vopak’s three chemical terminals in the Port of Rotterdam is...
Vopak has entered into a binding agreement to divest its terminal in Savannah, USA Rotterdam, the Netherlands, 16 May 2023 07:00 CEST Royal Vopak has entered into a binding agreement to sell its terminal in Savannah USA to BWC Terminals, a US-based bulk liquids storage company. The operational capacity of Vopak Terminal Savannah is 250,566 cbm. This capacity is mainly used for the storage of vegetable oils, asphalt, and specialty chemicals. The cash and debt free enterprise value of the...