Dutch-based chemical distribution and storage company Vopak NV said
on Monday it was not considering selling its tank storage activities despite interest from another company.
Vopak's statement followed a report that the company had received a 1.1 billion euro bid for its tank storage activities from a foreign company.
But Vopak said hiving off the tank storage activities, which contributed about two-thirds of the company's cash flow, was not consistent with its strategy.
"Capitalizing on the prevailing cohesion between logistics and chemical distribution continues
to be the cornerstone of our strategy, particularly since the oil and chemical industry
is increasingly striving for consolidation of its logistics and distribution activities," company officials said.