HES BEHEER : OBA site expanded by 9ha - 118.23 KB

P R E S S R E L E A S E

Europoort/Rotterdam, 2 April 2014

O B A S I T E E X P A N D E D B Y 9 h a

OBA Group B.V., Amsterdam (HES Beheer beneficial interest 73.8%), which this year celebrates the 60th anniversary of the company's formation, acquired the site of a neighbouring stevedore company on 1 April 2014. The site in question extends to 9ha and was formerly known as ACP, an enclave within the existing OBA terminal. The acquisition gives OBA a continuous site extending to 70ha. The combination of the two sites will enable OBA to make significant efficiency savings. The existing storage capacity (2-2.5 million tonnes) is increased by around
600,000-700,000t.
It will be possible to make optimum utilisation of the entire, uninterrupted site because there will be no loss of storage capacity due to boundary fences and/or access roads.
The lease on the 9ha site runs up to the end of 2028 with the option of renewal for two periods of 10 years each beyond then.
The acquisition is being funded out of OBA's own resources.
Management of H.E.S. Beheer N.V.

Note for editors

For further information, contact Ms E.L. Groenendijk, Director Special Projects, tel. [phone], e-mail [e-mail]