Russian terminals
Global Ports Investments, of which APM Terminals is a co-controlling shareholder, has entered into a binding agreement to acquire 100% of the Moscow based NCC Group Limited, a Russian terminal operator.
The intended acquisition of NCC Group is subject to regulatory approval by relevant authorities.
The agreement will strengthen Global Ports’ position in the growing Russian container market by providing more capacity, greater operating efficiency and simplified port calls, creating a national champion in Russian infrastructure to the benefit of all stakeholders in the transportation value chain of the region.
NCC Group’s container terminal operations are located on the Baltic Sea, the principal gateway for Russian containerized cargo. Its key assets include 100% ownership of First Container Terminal in St. Petersburg, 80% ownership of the recently launched Ust-Luga Container Terminal in the port of Ust-Luga and 100% ownership of Logistika-Terminal, an inland container terminal located close to St. Petersburg.
Related Articles
MARINE CONSTRUCTION
POWER & PROPULSION
ENVIRONMENT