Vesta Terminals is a leading independent liquid bulk storage operator in Europe with a total of approximately 1.6 million cubic meters of petroleum products and biofuels capacity at three terminals in Antwerp, Flushing and Tallinn. The deal valued the terminals business at EUR 442 million. The purchase is the first major move by a Chinese state-owned enterprise into the European oil storage market. De Brauw worked alongside Vinson & Elkins, who acted as lead counsel to Sinopec.
Team: London: Ernest Meyer Swantée, Elmer Veenman; RE: Etiënne Dijkhorst, Maarten Tinnemans; Tax: Henk van Ravenhorst; C&R: Iris Kieft; EEB: Barbara van Duren-Kloppert, Willemijne Adank.