Calpam has been acquired by VARO Energy

VARO Energy (VARO) has signed an agreement to acquire 100% of the shares in SMD Beheer BV, including all of the business activities of Calpam BV. (together Calpam).

The closing of this transaction is anticipated to take place at the end of October 2019, subject to the approval of the Dutch competition authorities.

Calpam owns and operates a 9.000cbm terminal in Gorinchem and 19 retail service stations in the central part of the Netherlands and is furthermore active in the wholesale of fuels, home base fuel deliveries within different market segments and distribution of lubricants.

VARO Energy refines, stores and distributes oil products for the North West European market. The company owns a refinery in Cressier, Switzerland, a minority share in the Bayernoil refinery, Southern Germany, storage facilities, distribution and marketing businesses in Benelux, France, Germany and Switzerland.

Oaklins' team in the Netherlands acted as lead advisor to the seller in this transaction.