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TGS Baltic's M&A team led by partner Kadri Kallas advised Royal Vopak N.V and Global Ports Investments PLC in selling the shares of Vopak E.O.S., the largest independent oil terminal operator in the Baltics, to Abu Dhabi based Liwathon. The new name of the logistics company will be Liwathon E.O.S.
Gert Tiivas, CEO of Liwathon, said that with experienced management team, Liwathon's strategy for the development of a network of terminals serving the liquid fuel market will be implemented, and the company's expertise and terminal infrastructure provide a solid foundation for further development of Liwathon E.O.S.
He noted that Vopak is one of the best companies in Estonia and also a significant player in its field on a global scale. Vopak E.O.S has been the most successful company in Estonia four times.
Tiivas also noted that Estonia is still in a good strategic location, here are still very good ports, very good terminals, know-how and people.
The headquarters of the logistics and investment company Liwathon, owned by UK investor Barclay Rowland, is located in the international Abu Dhabi Global Market.
Liwathon E.O.S. is the largest independent oil products terminal operator in the Baltic region, operating four terminals – Termoil, Trendgate, Pakterminal and Stivterminal - with a total storage capacity of 1,051,800 cbm. Liwathon E.O.S. terminals, which are directly connected to the international railway infrastructure, are located in the port of Muuga, Estonia, within the Port of Tallinn. Liwathon E.O.S. offers opportunities for sea and rail transportation of oil products from Eastern Europe to Western Europe, America and Southeast Asia. https://www.liwathoneos.com/
On the same topic
Liwathon E.O.S press release: Abu Dhabi based Liwathon acquires Vopak E.O.S
The Telegraph: Global Ports Investments sells stake in oil products terminal joint venture
Sea News: Global Ports and Vopak Sell Joint Business in Estonia
Nasdaq: Vopak divested its ownership in Vopak E.O.S. in Estonia
The Baltic Course: Abu Dhabi based Liwathon acquires Estonian fuel transit co Vopak E.O.S.
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