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MarketScreener Homepage  >  Equities  >  Euronext Amsterdam  >  Royal Vopak N.V.    VPK   NL0009432491

ROYAL VOPAK N.V.

(VPK)
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Vopak, BlackRock JV Buys Three US Industrial Terminals From Dow for $620 Million

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09/14/2020 | 01:31am EDT

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

 

Stocks mentioned in the article
ChangeLast1st jan.
BLACKROCK, INC. -0.65% 535.05 Delayed Quote.9.57%
DOW INC. -0.71% 46.41 Delayed Quote.-14.60%
ROYAL VOPAK N.V. -1.66% 48.5 Delayed Quote.2.05%
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Financials
Sales 2020 1 227 M 1 432 M 1 432 M
Net income 2020 393 M 458 M 458 M
Net Debt 2020 2 552 M 2 978 M 2 978 M
P/E ratio 2020 16,7x
Yield 2020 2,49%
Capitalization 6 136 M 7 148 M 7 163 M
EV / Sales 2020 7,08x
EV / Sales 2021 6,83x
Nbr of Employees 5 574
Free-Float 38,3%
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Technical analysis trends ROYAL VOPAK N.V.
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TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 7
Average target price 54,64 €
Last Close Price 48,50 €
Spread / Highest target 21,6%
Spread / Average Target 12,7%
Spread / Lowest Target 3,09%
EPS Revisions
Managers
NameTitle
Eelco M. Hoekstra Chairman-Management Board
Beschier Jacob Noteboom Chairman-Supervisory Board
Frits Eulderink Chief Operating Officer & Member-Management Board
Gerard B. Paulides Chief Financial Officer & Executive Vice President
Leo Brand Director-Information Technology
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