Consolidation in action

摘要

The inevitability of restructuring in the chemical distribution sector has been highlighted by Vopak's bid for Ellis & Everard. This past December 1 Vopak Distribution Holdings UK, a subsidiary of Royal Vopak, announced it had received acceptances of 53.9m Ellis & Everard (E&E) shares, representing 53.9 per cent of E&E's existing issued ordinary share capital.