North Sea Petroleum and Fluvia to acquire Vopak terminal in Switzerland

North Sea Petroleum Holding (North Sea Petroleum) and Fluvia Holding have reached agreement with Royal Vopak to fully acquire the Vopak terminal in Basel, Switzerland. After the take-over the terminal will be operated under the name Rhytank.
The tank terminal -- with a capacity of 350,000 cm and a throughput of 1 mm tpy -- is one of the largest independent storage and transhipment facilities in Europe for the import and distribution of petroleum products (gasoline, fuel oil, diesel and jet fuel) and chemical products (methanol, toluene, MTBE, RBHC).

Peter Nohlmans, CEO of North Sea Petroleum stated: "Switzerland is an important market with growth potential. The take over of the terminal in Basle is therefore a logic next step in our international expansion strategy. Our total storage capacity now exceeds 700,000 cm. This expansion provides economies of scale and a reinforcement of our market positions."
Rick van Westenbrugge, CEO of Fluvia stated: "The tank terminal in Basle strengthens the already good market position of Fluvia with respect to oil import logistics in Switzerland. With this tank terminal, we can now offer to our Swiss clientele new logistic solutions in combination with our fleet of barges and tank containers."

About North Sea Petroleum
North Sea Petroleum is one of the largest physical trading companies of (bio)fuels in the west European oil market. The activities comprise trading, wholesale and storage of petroleum products and biofuels.
North Sea Petroleum, established in January 2009, came into existence as result of the merger between Van der Sluijs Groep and FNR+ (Frisol, North Sea Petroleum, Reinplus Vanwoerden). The company has activities in 10 countries, has 300 staff and achieved a gross revenue of EUR 8.2 bn in 2008.

About Fluvia
Fluvia is engaged in barging, storage and transhipment of liquid bulk and provides logistical services in ports. From offices in Rotterdam, Basel and Hamburg petroleum products, edible oils and chemicals are shipped via the European waterways.
Fluvia employs 180 people and realised a revenue of EUR 34 mm in 2008.