Vopak : India potential should far outweigh temporary issues Groningen
>Feedback analyst conference call: new 3-year strategic plan at CMD - Vopak’s Q3 conference call was hosted by CEO Dick Richelle and CFO Michiel Gilsing. Prime topics discussed in the Q&A session were:India JV - 47% Vopak. CFO confirms that 2.5 years ago Vopak acquired into the Indian JV at c. 12x EBITDA (€ 226m for c. 50%) and that the market value of this JV now is significantly higher (€ 2.6bn for 100% = € 1.22bn for 47%), because the Indian market is in dem...Royal Vopak is a holding company. Via its subsidiaries, Co. acts as a tank storage provider for the oil and chemical industry. Co. operates a network of terminals located at locations along trade routes. Co. also provides a range of additional services, from loading and unloading a range of transport modalities to heating, cooling, blending and customs formalities. The customers Co. serves range from global to local clients and include national and global producers, governments, distributors and traders of liquid and gaseous bulk products. Co.'s customers are active in the production, trading and marketing of oil products, chemicals, gases, biofuels, edible oils and liquefied natural gas.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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