KONINKLIJKE VOPAK UNS/ADR

AVTL, a joint venture between Aegis Logistics and Vopak, has successfully completed its IPO, raising INR 2,800 crore (approximately EUR 290 million). The IPO was priced at the top end of the previously announced price band, and Vopak's shareholding in AVTL has reduced from 47.31% to 42.23% as a result of the new share issuance.

Related tickers: VOPKY.

The slurry oil market is projected to reach $5.23 billion by 2032, driven by the rising demand for residual fuel oil in marine, industrial, and power generation sectors. Increasing industrialization, the growth of the shipping industry, and the demand for carbon black are key factors driving the market's growth.

Related tickers: OUKPY, WEGRY, FLS, KSVRF, EBCOY, VOPKY, COVTY.