Vopak and Aegis' joint venture starts trading on Indian stock exchanges

Koninklijke Vopak NV

02/06/2025 06:14

June 2 (Reuters) - Dutch tank storage group Vopak VOPA.AS 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)

 (Reporting by Alban Kacher)

 ((alban.kacher@thomsonreuters.com; +48 58 769 65 87;))