Vopak : Targeting strong growth in gases
>Six gas terminals with current market value of c. € 2bn = 30%+ of total - Vopak (market cap € 3.6bn + net debt € 2.5bn = € 6.1bn EV) is the world’s leading independent tank storage operator for liquid bulk products in oil, chemicals and gases. In this LNG and LPG sector update, we explain why we estimate its six larger gas terminals (= 8% of 78 marine terminals worldwide) to be worth c. € 2bn in market value (= 10-12x EBITDA) and thus already represent more than 30% ...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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