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  • Deal or case news
  • 12-02-2020

Today, Vopak announced the start of a share buyback program to return EUR 100 million to shareholders following the completion of its divestment of the terminals in Algeciras, Amsterdam and Hamburg.

The share buyback program will start 13 February 2020 and is expected to be completed in 2020. 

In connection with the share buyback program, HAL intends to sell a proportionate part of its interest in Vopak in order to maintain that interest at HAL's current level.

NautaDutilh was uniquely positioned in this transaction as Dutch legal counsel to both Vopak and HAL, helping them to navigate the complex legal landscape whilst aligning and safeguarding their respective interests.

Paul van der Bijl, Antonia Netiv and Sanne Meester advised Vopak and Stefan Wissing advised HAL.

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