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NO HEADINGS DETAILS
3. Sector Ports
4. Announcement Date 12-Jul-2021
5. Completion Date 25-May-2022
6. Name of Client Vopak Asia Pte. Ltd.
11. Deal Description Advised Royal Vopak N.V. and its affiliates, in respect of its
investment to acquire 49% shareholding in a pan-India joint venture
entity with Aegis Logistics Limited, which will operate a network of
terminals that are currently located in five strategic ports along the
east and west coast of India i.e. Kandla, Pipavav, Haldia, Kochi, and
Mangalore. With a total capacity of around 9,60,000 cubic metre, the
partnership will become one of the largest independent tank storage
companies for LPG and chemicals. As part of the transaction, also
advised Vopak India B.V. in the (i) acquisition of 24% stake in
Hindustan Aegis (LPG) Limited which is a joint venture entity between
Aegis Logistics Limited and Itochu Petroleum Co., (Singapore) Pte. Ltd
and (ii) transfer of 100% stake in CRL Terminals Private Limited to the
joint venture entity formed between Aegis Logistics Limited and
Vopak India B.V.
14. Total Consideration Confidential
16. Team Members The core team consisted of Vivek Sriram (Partner), Kaushik Babu
(Senior Associate), Aswathy Thomas (Associate), Vaishanshi Bhardwaj
(Associate), Varsha Gopalakrishnan (Associate), with assistance from
the following teams: