Hamburg, July 15, 2015 – Oiltanking GmbH is pleased to announce the

acquisition of 100 percent of the shares of Vopak Chemicals Logistics Finland

Oy, consisting of two terminals for the storage and handling of bulk

chemicals and petroleum products. This transaction will more than triple

Oiltanking’s capacity in Finland.

The two terminals with a combined capacity of 175,400 cbm are located in Kotka and

Hamina, at the South East coast of Finland at the Baltic Sea. Oiltanking already owns

and operates a terminal in this area under the name Oiltanking Sonmarin Oy, with a

total storage capacity of 81,700 cbm.

After the acquisition, the terminals of both companies will be consolidated into one

company under the name of Oiltanking Finland Oy.

Finland is one of the main transit hubs for the export and import of chemical and

petroleum products in relation to Russia and the other FSU countries. This transaction

will further strengthen the ability of Oiltanking to serve this market segment by

combining the existing well equipped storage capacities with the newly acquired tank

terminals.

Following this acquisition, the total storage capacity of Oiltanking Finland terminals

increases to 257,100 cbm with 75 tanks in various sizes from 500 to 10,000 cbm. The

terminals in Kotka are connected to two jetties (10.0 and 13.5 m draft) and two

others (9.0 and 10.0 m draft) in Hamina. All products can be received and loaded out

by sea, tank containers, railtank cars and trucks.

Oiltanking GmbH is a subsidiary of Marquard & Bahls, a Hamburg-based family-owned

company that operates in the fields of energy supply, trading and logistics. Oiltanking is the

second largest independent tank storage provider for petroleum products, chemicals and gases

worldwide. The company owns and operates 73 terminals in 22 countries within Europe, North

and South America, Middle East, Africa, India as well as in Asia. Oiltanking has an overall

storage capacity of 19.4 million cbm.

For more information, please visit www.oiltanking.com and www.marquard-bahls.com.

 

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