De Brauw advises Vopak on the acquisition of Exmar's floating LNG storage and regasification (FSRU) business.

Client name
Koninklijke Vopak N.V. - purchaser
Other parties involved
Exmar NV
Nature of transaction
Vopak and Exmar reached agreement on the acquisition of Exmar's floating LNG storage and regasification (FSRU) business by Vopak. The agreement envisages the transfer in stages of Exmar's participation in FSRU assets, FSRU projects under development and a corresponding part of the Exmar organisation. Completion of the transaction is subject to consent and cooperation of multiple stakeholders including current partners in the FSRU's and customary approval from authorities. The ultimate scope of the transaction is dependent on the outcome of this process.
Value of transaction
Undisclosed, more than EUR 5 million
Date deal
21 December 2016
De Brauw involvement
Lead counsel
Other advisors
- Ernst & Young as financial advisor to Koninklijke Vopak N.V.
- Allen & Overy as legal counsel to Exmar NV (Wouter van de Voorde, Nele Govaert)
De Brauw lead partner
Anja Mutsaers
De Brauw team
Anja Mutsaers, Maarten Tinnemans (lead associate), Wouter Hofstee, Sjoerd van Elferen