Vopak and Exmar call off FSRU deal
4/27/2017
(Reuters) -- Dutch oil and chemical storage company Vopak and tanker operator Exmar said on Wednesday that they had decided not to pursue the acquisition by Vopak of Exmar's participation in Floating Storage Regasification Unit (FSRU) assets.
The companies said in a statement that the deal depended on the consent of multiple stakeholders, and that they had concluded that this requirement would not be met.
Shares in Exmar had risen more than 6 percent when the two companies signed an agreement in December. Talks were first announced in September.
Reporting by Alan Charlish. Editing by Jane Merriman
Sign up to Receive Our Newsletter
- ExxonMobil halts 1-Bft3d blue hydrogen project in Texas
- Aramco and Yokogawa commission multiple autonomous control AI agents at Fadhili gas plant
- Ukraine will resume gas imports via Transbalkan route in November
- Mitsubishi to inject $260 MM into Brunei LNG project
- Freeport LNG (U.S.) on track to take in more natgas on Thursday after unit outage
Comments