18/12/2020 Press release
Großtanklager Ölhafen Rostock: TOTAL Deutschland sells shares in joint venture GÖR to partner EUROPORTS
TOTAL Deutschland sells shares in joint venture GÖR to partner EUROPORTS
TOTAL Deutschland GmbH (TOTAL Deutschland) and EUROPORTS Terminals Rostock GmbH have just signed a Sale and Purchase Agreement for TOTAL Deutschland’s shares in the joint venture Großtanklager-Ölhafen Rostock GmbH (GÖR) as well as the former Minol tank farm with land, tanks and real estate on December 17th 2020.
Until now, TOTAL Deutschland and EUROPORTS were equal shareholders of the joint venture, which was founded in 1996 to operate the large tank farm at the oil port of Rostock. TOTAL Deutschland plans to continue using the tank farm and has concluded storage handling contracts with EUROPORTS for a further ten years. All employees on site are employees of GÖR and therefore not affected by the change.
GÖR in the oil port of Rostock is an independent tank farm with a total capacity of around 700,000 m³ for the storage and handling of mineral oils, vegetable oils and other liquid goods. Besides the former Minol tank farm of TOTAL Deutschland and a tank farm of EUROPORTS, GÖR also operates the tanks of PCK Raffinerie GmbH Schwedt as well as the tanks of Dow Olefinverbund GmbH Böhlen on site.
Christian Cabrol, Managing Director TOTAL Deutschland GmbH: "We would like to thank EUROPORTS for the good cooperation over the past years. Our two companies are united by a high standard of safety, quality and performance. The sale is in line with the Group’s strategy of actively managing its asset portfolio. The long-term stock turnover contracts that have now been concluded testify to our confidence in a successful continuation of the cooperation".
Frédéric Platini, Chairman Euroports Group BV: “We are pleased to successfully extend the cooperation between EUROPORTS and TOTAL Deutschland for an additional 10 years and express out thanks to TOTAL Deutschland for the excellent collaboration through the joint venture over the last decades. With this new investment, EUROPORTS will strengthen its strategic position in Rostock in Germany and further diversify its operations into the liquid bulk sector. We are fully committed to continue to operate following the highest standard of safety and quality required by this industry.”
The completion of the sale is conditional upon the approval of the respective German authorities.
Euroports, one of the largest port-infrastructure companies in Europe, develop, operate and manage global maritime supply-chain solutions for a large number of international customers in various industries, handling over 60 million tonnes of bulk, breakbulk, liquid and containerized goods per year. It is Euroports' mission to be the partner of choice in delivering the highest-quality maritime supply-chain solutions. Euroports accomplishs this through 32 terminals and logistic platforms and a workforce of about 3,000 employees, offering a range of value-added services and multi-modal global freight forwarding, all with one aim –to deliver sustainable value to the customers.
Total is present in Germany since 1955 and currently employs more than 4,000 people. Its affiliate TOTAL Deutschland GmbH operates the third largest retail network in the country with around 1,200 service stations. In Germany, TOTAL offers a wide range of energy products: lubricants, liquified petroleum gas, fuel oil, marine and aviation fuels, bitumen and specialty products dedicated to the industry. The Group operates in Leuna one of Europe’s most modern refineries: TOTAL Raffinerie Mitteldeutschland. TOTAL is also active in petrochemicals, natural gas trading, solar energy installations with SunPower and smart solutions for automotive and aviation with Hutchinson. Finally, TOTAL is also present in new energies for mobility with an operated network of over 2,000 charge points for electric vehicles as well as hydrogen refilling stations.
About the Marketing & Services division of Total
The Marketing & Services division of Total develops and markets products primarily derived from crude oil, along with all of the associated services. Its 32,000 employees are present in 107 countries and its products and services offers are sold in 150 countries. Every day, Total Marketing & Services serves more than 8 million customers in its network of over 15,600 service stations in 71 countries. As the world’s fourth largest distributor of lubricants and the leading distributor of petroleum products in Africa, Total Marketing Services has production sites all over the world, where it manufactures the lubricants, bitumen, additives, special fuels and fluids that sustain its growth.
Total is a broad energy group, which produces and markets fuels, natural gas and electricity. Our 100,000 employees are committed to better energy that is safer, more affordable, cleaner and accessible to as many people as possible. Active in more than 130 countries, our ambition is to become the responsible energy major.
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Media Relations TOTAL Deutschland
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