Latest news with #Vopak
The Citizen
04-07-2025
- Sport
- The Citizen
Local runners go the distance at Comrades
Local runners go the distance at Comrades The Heidelberg Athletics Club recently celebrated a strong performance at the 2025 Comrades Marathon, made possible in part by sponsorship from Vopak. The support helped ensure the club's athletes could compete in the prestigious ultra-marathon without added financial strain. Although the runners had already paid for registration and accommodation, the club approached Vopak earlier this year for more help. Vopak responded by covering the team's transportation costs and providing a branded gazebo for use at the event. This gesture, aimed at encouraging athletic excellence and community involvement, was welcomed by the athletes and the club officials. All eight athletes representing the club completed the gruelling race, with these times recorded: • Vusi Mdhluli – 08:14:40; • Lerato Motaung – 08:44:49; • Ndivhuho Mukwevho – 08:56:31; • Ndumiso Mayongo – 09:43:17; • Thulani Namo – 09:50:17; • Albert Kheswa – 10:47:26; • Mfundo Mkhwanazi – 10:52:15; • Mzwandile Gcaleka – 10:52:15. The club thanked Vopak, emphasising the impact of their contribution on the team's morale and performance. 'This partnership with Vopak met our logistical needs and inspired our athletes to push themselves to the finish line,' said a club representative. 'It's a shining example of how corporate support can uplift communities and help grow local sporting talent.' The club aims to continue working with sponsors as it remains focused on developing athletes and promoting participation in competitive sports. At Caxton, we employ humans to generate daily fresh news, not AI intervention. Happy reading!
Business Recorder
02-06-2025
- Business
- Business Recorder
Indian benchmarks end lower as IT, metals outweigh growth boost
India's equity benchmarks ended marginally lower on Monday, led by IT and metals stocks, as global trade concerns outweighed optimism from stronger-than-expected domestic growth data. The Nifty 50 dipped 0.14% to 24,716.6, while the BSE Sensex fell 0.09% to 81,373.75. On Friday, U.S. President Donald Trump threatened to double tariffs on imported steel and aluminium to 50% from June 4, reigniting global trade concerns. Metals and IT companies ended 0.7% lower and were the top sectoral losers by percentage. Rising trade tensions could weigh on the U.S. economy and tech spending and delay rate cuts by the Federal Reserve amid worries of tariff-driven inflation. Metal stocks dropped as much as 1.3% during the session but pared losses after India's steel minister estimated only a minor impact from Trump's tariff announcement on steel. Vopak's Indian JV starts trading on Mumbai stock exchanges The losses in both sectors outweighed gains fuelled by India's economy surging 7.4% in January to March, above a Reuters forecast of growth of 6.7%. Despite upbeat economic growth, global trade turbulence has weighed on market sentiment, limiting any scope for a meaningful upside, said Ajit Mishra, senior vice president of research at Religare Broking. Investors await the Reserve bank of India's policy decision on June 6, where the central bank is expected to cut interest rates by 25 basis points. Rate-sensitive sectors gained on the day, with realty and state-owned lenders rising about 2.3% and 2.2%, respectively, and consumer stocks advancing 0.8%. Among individual stocks, Mphasis fell 2.7% after a report of losing long-time client FedEx to Accenture. While the blue-chips fell on Monday, the broader, more domestically focussed small-caps and mid-caps gained 1.2% and 0.6%. They have gained 23.1% and 20.6% since the start of March, outperforming the Nifty 50's 11.7% rise, with Motilal Oswal analysts attributing the outperformance to unexpected earnings resilience in broader markets.
Business Recorder
02-06-2025
- Business
- Business Recorder
Vopak's Indian JV starts trading on Mumbai stock exchanges
Dutch tank storage group Vopak said on Monday its Indian joint venture, Aegis Vopak Terminals, started trading after completing its initial public offering. The issue price for the IPO was 235 rupees ($2.75) per share, at the top end of the previously announced price range, the group said. The shares were trading at 238.89 rupees around 0539 GMT. The offering 'strongly supports Vopak's strategy of expanding our portfolio of gas and industrial terminals,' group CEO Dick Richelle said. The transaction will result in an exceptional dilution gain of around 110 million euros ($125.09 million) to be recorded by Vopak in the second quarter, the company said. Vopak has terminals in seven Indian ports and expects to benefit from the dynamic growth of the country's economy, with many more investment opportunities, notably in the liquefied petroleum gas (LPG) market.
Reuters
02-06-2025
- Business
- Reuters
Vopak and Aegis' joint venture starts trading on Indian stock exchanges
June 2 (Reuters) - Dutch tank storage group Vopak ( opens new tab said on Monday its Indian joint venture, Aegis Vopak (AVTL), has successfully completed its initial public offering (IPO). The transaction will result in an exceptional dilution gain of around 110 million euros ($125.1 million) to be recorded by Vopak in the second quarter, the group said. ($1 = 0.8797 euros)
Yahoo
02-06-2025
- Business
- Yahoo
AVTL successfully completed IPO
AVTL successfully completed IPORotterdam, the Netherlands, 02 June 2025 Today, we announce an update regarding the primary equity issue of our joint venture has successfully completed its IPO. The issue price for the IPO was INR 235 per share which is at the top end of the previously announced price band. The size of the primary equity issue is INR 2,800 crore (approximately EUR 290 million). The board of AVTL issued an equivalent of 10.75% of new equity shares. As a result of the issuance of new shares, Vopak's shareholding reduced from 47.31% to 42.23%. AVTL commenced trading today, Monday 2 June 2025, at the National Stock Exchange of India Limited and BSE Limited. Dick Richelle, CEO of Royal Vopak: 'We are very pleased with the successful realisation of AVTL's IPO, a significant milestone reflecting the strong partnership and collaborative spirit between Aegis Logistics and Vopak. The IPO also successfully crystallizes value for Vopak shareholders and strongly supports Vopak's strategy of expanding our portfolio of gas and industrial terminals. With continued investments in critical infrastructure we are helping the world flow forward."The transaction will result in an exceptional dilution gain for Vopak of approximately EUR 110 million to be recorded in Q2 2025 financials. Vopak will host an analysts' presentation with Vopak's CFO, Michiel Gilsing via an on-demand audio webcast on Vopak's corporate website on Monday 2 June 2025 starting at 08:00 CEST. About AVTLAVTL, established as a joint venture of Aegis Logistics Limited and Vopak India BV, is the largest Indian third-party owner and operator of tank storage terminals for liquified petroleum gas and liquid products in terms of storage capacity, as of December 31, 2024 (Source: CRISIL Report). AVTL, along with its subsidiaries, owns and operates a network of storage tank terminals (LPG and chemicals) across six Indian ports. About Royal VopakRoyal Vopak helps the world flow forward. At ports around the world, we provide storage and infrastructure solutions for vital products that enrich everyday life. These products include liquids and gases that provide energy for homes and businesses, chemicals for manufacturing products, and edible oils for cooking. For all of these, our worldwide network of terminals supports the global flow of supply and demand. For more than 400 years, Vopak has been at the forefront of fundamental transformations. With a focus on safety, reliability, and efficiency, we create new connections and opportunities that drive progress. Now more than ever, our talented people are applying this mindset to support the energy transition. Together with our partners and customers, we are accelerating the development of infrastructure solutions for hydrogen, ammonia, CO₂, battery energy storage systems, and low-carbon fuels & feedstocks – paving the way to a more sustainable future. Vopak is listed on the Euronext Amsterdam and is headquartered in Rotterdam, the Netherlands. For more information, please visit For more information please contact:Vopak Press: Liesbeth Lans - Manager External Communication - Vopak Analysts and Investors: Fatjona Topciu - Head of Investor Relations- 2025-06-02 Press release AVTL successfully completed IPOError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
