Royal Vopak has announced the successful completion of the initial public offering of its Indian joint venture, Aegis Vopak Terminals Limited. The milestone marks a key achievement in Vopak’s strategic ambition to expand its presence in gas and industrial infrastructure.
AVTL began trading on 2 June 2025 on both the National Stock Exchange of India Limited and BSE Limited. The IPO was priced at INR 235 per share – the upper end of the previously announced price band – and raised INR 2,800 crore (approximately EUR 290 million) through the issuance of new equity shares.
The offering involved the issuance of 10.75 percent of new equity by AVTL. As a result, Vopak’s shareholding in the joint venture has been reduced from 47.31 percent to 42.23 percent. The transaction will result in an exceptional dilution gain of approximately EUR 110 million for Vopak, which will be reflected in its Q2 2025 financial results.
Dick Richelle, CEO of Royal Vopak: “We are very pleased with the successful realisation of AVTL’s IPO, a significant milestone reflecting the strong partnership and collaborative spirit between Aegis Logistics and Vopak. The IPO also successfully crystallizes value for Vopak shareholders and strongly supports Vopak’s strategy of expanding our portfolio of gas and industrial terminals. With continued investments in critical infrastructure we are helping the world flow forward.”
The IPO reinforces AVTL’s position in the Indian market and enables further investment in essential infrastructure, supporting the growing demand for energy and industrial logistics across the region.
For more information visit www.vopak.com
