APM Terminals acquires 37.5% of Global Ports (Russia)

Global Ports: Strategic investment by APM Terminals to drive next phase of the group’s development
 
Global Ports Investments PLC announces that APM Terminals B.V., a global port, terminal and inland services operator has signed agreements to become a major shareholder of the group and a strategic partner of Transportation Investments Holdings Limited ("TIHL" or "N-Trans"), one of Russia’s largest privately owned transportation groups. APM Terminals is a part of A.P. Moller-Maersk A/S, leading oil and transportation conglomerate.
 
Under the terms of the transaction APM Terminals will acquire a 37.5% shareholding in Global Ports from TIHL, representing 50% of TIHL’s current stake. The transaction values Global Ports entire share capital at approximately USD 2.3 billion.
 
By becoming an equal partner with N-Trans in Global Ports, APM Terminals secures entry into Russia’s fast growing container market alongside one of Russia’s largest privately owned transportation groups. The investment also follows Russia’s accession to the World Trade Organisation (WTO) and represents the largest foreign direct investment in Russia’s transportation industry to date.
 
The transaction will strengthen Global Ports‘ leading position by providing it with access to APM Terminals‘ global expertise in the development and operation of world-class ports facilities as the Group continues to roll-out its strategic investment programme. This new partnership will enable Global Ports to further optimise its operations, develop new capacity and services and continue to drive the containerisation of Russian cargoes.
 
Global Ports will continue to be focused on the high-growth markets of Russia, CIS and the Baltic States and will become the growth platform for APM Terminals and N-Trans in the region. Completion of the transaction is expected to occur by the end of the year once all the relevant approvals have been obtained.
 
Global Ports Investments PLC is the leading operator of container terminals in the Russian market. Global Ports accounts for 30 percent of the total container volumes in Russian ports and 23 percent of the total exports of fuel oil from the former Soviet Union countries. The Group’s Russian Ports segment handled a total container throughput of approximately 1,344 thousand TEUs in 2011 (excluding Yanino), a 44 percent increase on 2010.Global Ports‘ consolidated revenue for the year ended 31 December 2011 was USD 501.3 million (up 31% year on year).

Quelle: LogEastics

Portal: www.logistik-express.com