Global Ports Investments PLC entered into a binding agreement on the acquisition of 100% of the authorized capital of NCC Group Limited.
The transaction value is $291 million plus and 18% of Global Ports shares. The shares will be issued and transferred to Ilibrinio Establishment Limited and Polozio Enterprises Limited, Global Ports informed.
The transaction is approved by the Board of Directors of Global Ports.
National Container Company (NCC) is a Russian operator of container terminals. Apart from the First Container Terminal, NCC operates the Ust-Luga Container Terminal in Leningrad region, the off-dock container facility and logistics center Logistika-Terminal in Shushary (St. Petersburg). In 2011, the freight turnover at NCC's container terminals exceeded 1.3 million TEU.
Global Ports Investments PLC is the leading operator of container terminals in the Russian market. Global Ports accounts for 30% of the total container volumes in Russian ports and 23% of the total exports of fuel oil from the former Soviet Union countries. Global Ports is part of N-Trans group, one of the largest private transportation and infrastructure operators in Russia.
In September 2012, the Global Ports group announced the signing of a series of agreements with APM Terminals B.V., a global operator of ports, marine and inland terminals, for APM Terminals to become a large shareholder of the Global Ports group and N-Trans's strategic partner. APM Terminals is part of A.P. Moller-Maersk A/S, the world's largest oil transportation and shipping holding. Under the transaction, APM Terminals will acquire 37.5% of Global Ports shares from N-Trans.
Global Ports' terminals are located in the Baltic and Far East Basins, key regions for foreign trade cargo flows.
Global Ports operates three container terminals in Russia (Petrolesport and Moby Dik in St. Petersburg, Vostochnaya Stevedoring Company at the Vostochny Port) and two container terminals in Finland (Multi-Link Terminal Helsinki and Multi-Link Terminal Kotka). Global Ports group also includes Yanino Logistics Park located in the vicinity of St. Petersburg and a major oil terminal, Vopak E.O.S., in Estonia.
In June 2011, Global Ports conducted an offering of global depositary receipts (GDRs) on the London Stock Exchange under the GLPR ticker).
In H1 2012, Global Ports' Russian terminals handled a total container throughput of approximately 709 thousand TEUs (excluding the Yanino logistics park).
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"AK&M", 02.09.2013 11:29