Livingstone’s industrial team has advised Vilma Oil, a Spanish oil & gas trading company, on the sale of its 20% stake in Vopak Terminal Algeciras to majority shareholder Vopak, a leading, international Dutch independent tank storage company.
Founded in Madrid in 1996 by a group of experienced entrepreneurs from the international oil trading sector, Vilma oil is an established and highly respected player in the oil trading industry. With operations in more than 25 countries around the world, Vilma trades yearly over 4 million metric tons of petroleum products (LPG, Naphtha, Fuel oil and Gasoil). The Company’s clients portfolio include all key players across the trading space, ranging from petrochemical producers, banks, trading houses, and integrated oil majors.
Headquartered in Rotterdam, Vopak is a Euronext-listed international leading independent tank storage company that operates a global network of terminals located at strategic locations along major trade routes. The company provides safe, clean and efficient storage and handling of bulk liquid products and gases, and handles vital products ranging from chemicals, oil, gases, and LNG to biofuels and vegoils. Vopak has a workforce of over 5,700 people worldwide.
“We are excited to have partnered with Vilma on this transaction”, said Juan Romero, Director at Livingstone. “It has been a pleasure working with the Vilma team during the past months to successfully completed the divestment”.