Vopak has sold its 50% equity stake in Interstream Barging B.V. (Interstream) to North Sea Group Netherlands B.V. The core activities of Interstream are the supply of depots, inter-refinery transport and international transport of mineral oil products and chemicals by inland vessel in Western Europe. These activities have a limited strategic fit with Vopak’s global terminal network strategy focused on owning and operating marine based tank storage terminals in key logistics locations. As a result of the transaction North Sea Group Netherlands B.V. becomes 100% shareholder of Interstream.

The closing of the transaction remains subject to the approval of the Dutch competition authority. The transaction took place at book value.