Royal Vopak NV (GB:0O8V) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Royal Vopak NV’s joint venture, AVTL in India, has announced a primary equity issue of INR 8.0 billion, equivalent to EUR 88 million, to repay borrowings and fund growth projects. This transaction will dilute Vopak’s shareholding in AVTL from 49% to 47.3%, with 360 ONE as the lead investor. AVTL continues to explore various funding options to support its expansion and maintain its position as a leading tank storage operator in India.
For further insights into GB:0O8V stock, check out TipRanks’ Stock Analysis page.