Deal Update: Aegis Logistics | Royal Vopak | Veritas Legal
Veritas Legal acted for and advised Aegis Logistics Limited.
The details of the deal are as follows:
Practice Area: M&A
Sector Infrastructure
Start Date of Matter: 26th December 2020
Date of Announcement: 12th July 2021
Completion Date: Pending
Name of the Client: Aegis Logistics Limited
Target: Aegis LPG Logistics (Pipavav) Limited (JVCO)
Deal Description: The proposed joint venture involves Royal Vopak being a 49% partner (through its subsidiary Vopak India BV) and Aegis Logistics Limited being the 51% partner of Aegis LPG Logistics (Pipavav) Limited (JVCO), and will entail the following: ·
- Transfer by Aegis Logistics Limited to the JVCO, of all of its existing liquid bulk terminals and LPG units in Kandla, Pipavav, Mangalore, and Haldia;
- Transfer by Aegis Gas (LPG) Private Limited to the JVCO, of its pressurized LPG unit in Pipavav;
- Acquisition by the JVCO of 100% of the share capital of CRL Terminals Private Limited (CRL), which is owned by affiliates to Royal Vopak, and 100% of the share capital of Konkan Storage Systems (Kochi) Private Limited (Konkan), which is owned by Aegis Logistics Limited; and
- Acquisition by Vopak India BV of 24% of Hindustan Aegis LPG Ltd.
Role of the Firm: Acted for and advised Aegis Logistics Limited
Total Consideration: Up to Euro 155 million / Approx. USD 182.5 million
Concerned Partners: Kunal Doshi
Concerned Senior Associates & Associates
- Senior Associate – Kanisha Vora
- Associate – Tanay Chopra
- Associate – Vritti Shah
Other related Legal Advisors and Whom they are Advising: Khaitan & Co for Koninklijke Vopak N.V (Royal Vopak)
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