Management Company Delo, holding company for Delo Group that consolidates marine terminals in the port of Novorossiysk, 3PL operations and certain other assets (“Delo Group”), today announced that it closed the transaction with Transportation Investments Holding Limited ("TIHL") to purchase 30.75% stake in Global Ports Investments PLC (“Global Ports”).
All the conditions precedent to the transaction have been met and Delo Group has adhered to the Shareholders Agreement with APM Terminals B.V., owner of a 30.75% stake in Global Ports, in lieu of TIHL.
Commenting on the acquisition, Sergey Shishkarev, the President and owner of Delo Group noted:
“We are glad to announce successful completion of the transaction in a very limited timeframe. We look forward to the new stage of development of the largest container terminal operator in Russia. We will do our best to contribute to its future growth. We confirm our commitment to current strategy and to the best corporate governance practice. I am confident that the combination of Delo Group’s twenty five years of experience in the industry and strategic partnership with APM Terminals will add to Global Ports’ growth and prosperity”.
Global Ports Investments PLC is the leading operator of container terminals in the Russian market. Global Ports’ terminals are located in the Baltic and Far East Basins and operates five container terminals in Russia (Petrolesport, First Container Terminal, Ust-Luga Container Terminal and Moby Dik in the Russian Baltics, and Vostochnaya Stevedoring Company in Russian Far East) and two container terminals in Finland (Multi-Link Terminals in Helsinki and Kotka). Global Ports also owns inland container terminals Yanino Logistics Park and Logistika-Terminal, both located in the vicinity of St. Petersburg, and has a 50% stake in the oil products terminal Vopak E.O.S. in Estonia. Consolidated Marine Container Throughput was 1,205 thousand TEU in 2017.
For more information please see: www.globalports.com