Divestment of Dutch Tank Storage and Production Unit
International producer and distributor of food ingredients and chemicals, Caldic B.V. (Rotterdam, The Netherlands) has announced the divestment of its Dutch Tank Storage and Production Facilities to First State Investment (Sydney, Australia and London, United Kingdom), a manager of infrastructure investments with more than EUR 8.0 bn of unlisted infrastructure capital under management, amongst others the EVOS Terminals in Amsterdam and Hamburg.
The spun-off unit, Caldic Chemie Europoort, is located in the heart of Rotterdam harbour. Besides tank storage facilities, mostly for Methanol and Bio-Ethanol, the company produces Formaldehyde and its derivatives Paraformaldehyde and Hexamethylenetetramine. After a significant expansion in 2010, the storage capacity amounts to 174’000 m3, Caldic said in the statement.
No financial details were disclosed on this transaction.
Source: Caldic press release
HGE – DCG / 18.12.2019
