Key highlights
- Vopak Terquimsa sold its Barcelona terminal to Tradebe Port Services.
- The terminal stores petroleum products, chemicals, and vegetable oils.
- Vopak remains a 50% shareholder in the Tarragona terminal.
- The divestment will result in an exceptional gain in Q3 2025.
Transaction Overview
Vopak Terquimsa, a joint venture with a 50% stake held by Vopak, has divested its terminal in Barcelona to Tradebe Port Services. This terminal primarily handles the storage of petroleum products, chemicals, and vegetable oils.
Strategic Focus
The Barcelona terminal was deemed less strategically attractive for Vopak. The company continues to hold a 50% share in the Vopak Terquimsa Tarragona terminal, which is situated within the industrial cluster of Tarragona, Spain.
Financial Impact
Vopak anticipates reporting an exceptional gain from this divestment in the third quarter of 2025. However, the impact of this transaction is not considered material for Vopak's overall 2025 financial outlook.
