Gadot buys Belgium chemical storage plant
8/24/2010 12:00:00 AM
Ampal-American Israel Corp.’s subsidiary, Gadot, has completed the previously announced purchase of the entire issued and outstanding share capital of ADPO GHENT NV for a purchase price of approximately $38.1 million. Gadot's subsidiary obtained a long term credit facility from Israel Discount Bank Ltd for the financing of the purchase price.
ADPO owns and operates a chemical storage terminal in Ghent, Belgium, over an area of 25 hectares of land, with a storage capacity of approximately 100,000 cubic meters, and its purchase shall allow Gadot to expand its global business and maximize Gadot's abilities for delivering products and services worldwide.
Comments