September 12nd 2019, Bogotá, Colombia.- SCLEA and Augusta announce the successful closing of the sale of their 49% stake in Sociedad Portuaria el Cayao (“SPEC”) to Royal Vopak.

SPEC is the first and sole LNG regasification terminal in Colombia. The terminal started operations in 2016, and currently has 400 mcfd regasification and 170,000m³ storage capacity. SPEC holds long-term contracts with three Colombian gas-fired power plants: Termocandelaria, TEBSA and Zona Franca Celsia.

SCLEA and Augusta invested in SPEC as a greenfield project in 2014 in partnership with Promigas, a regional leader in the natural gas sector, who owns the remaining 51% stake.

Headquartered in the Netherlands, Royal Vopak is a global tank storage and LNG terminal operator listed on Euronext Amsterdam.

SCLEA and MCP were advised by BNP Paribas (M&A), White & Case and Gómez Pinzón Abogados (legal) and Frontier Economics (technical). Royal Vopak was advised by De Brauw Blackstone Westbroek and Philippi Prietocarrizosa Ferrero DU & Uría (legal).