Advertisement

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)


Tags assigned to this article:

Around The World

Advertisement