VARO selling Terminal Hanau in Germany to Adolf Roth GmbH & Co. KG VARO selling Terminal Hanau in Germany to Adolf Roth GmbH & Co. KG VARO selling Terminal Hanau in Germany to Adolf Roth GmbH & Co. KG

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VARO selling Terminal Hanau in Germany to Adolf Roth GmbH & Co. KG

Roth and VARO Energy (“VARO”) have today announced an agreement to transfer the storage terminal Hanau in an asset deal from VARO Energy TankstorageGmbH (formerly Petrotank) to Adolf Roth GmbH & Co. KG. The terminal, which opened in 1961 and has a total capacity of 9,700 cubic meters, is used for heating oil and diesel.

This transaction complements Roth’s geographical positioning and optimizes the utilization of the terminal’s capacity. For VARO, the divesting of this asset is part of the ongoing development of the company’s portfolio.

The transfer of the terminal to Adolf Roth GmbH is scheduled for 1st February 2017.

Further terms of the transaction were not disclosed.

 

In case of questions regarding this transaction, please contact:

Onno Handels, Director Terminals VARO Energy

+49 40 36905370

Onno.handels@varoenergy.com