Official Opening Of The VTT Vasiliko Terminal By The President Of The Republic Of Cyprus

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Elias Neocleous & Co LLC

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Elias Neocleous & Co LLC is the largest law firm in Cyprus and a leading firm in the South-East Mediterranean region, with a network of offices across Cyprus (Limassol, Nicosia, Paphos), Belgium (Brussels), Czech Republic (Prague), Romania (Budapest) and Ukraine (Kiev). A dynamic team of lawyers and legal experts deliver strategic legal solutions to clients operating in key industries across Europe, Asia, the Middle East, India, USA, South America, and China. The firm is renowned for its expertise and jurisdictional knowledge across a broad spectrum of practice areas, spanning all major transactional and market disciplines, while also managing the largest and most challenging cross-border assignments. It is a premier practice of choice for leading Cypriot banks and financial institutions, preeminent foreign commercial and development banks, multinational corporations, global technology firms, international law firms, private equity funds, credit agencies, and asset managers.
On 29 May 2015 the official Inauguration Ceremony of the €300m VTT Vasiliko terminal took place.
Cyprus Wealth Management

On 29 May 2015 the official Inauguration Ceremony of the €300m VTT Vasiliko terminal took place. The President of the Republic of Cyprus conducted the ceremony in the presence of guests including ministers and members of the Cyprus Parliament, the Dutch Ambassador to Cyprus, and local officials and community representatives. His Holiness the Bishop Varnavas of Trimithounta opened the inauguration with a blessing.

With total investment of around €300m, the 544,000 m3 terminal is one of the largest and most significant industrial projects ever to be built in Cyprus.

Andreas Neocleous & Co LLC played a crucial role in the project, advising Rabobank, the main provider of finance for the project, on the Cyprus law aspects of the transaction. At USD 500 million, it is among the largest foreign financing transactions in Cyprus for several years. Rabobank is a Dutch multinational banking and financial services company headquartered in Utrecht. It is a global leader in food and agribusiness financing and in sustainability-oriented banking.

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