Sberbank Capital LLC acquires 10-pct share in authorized capital of Global Ports
Sberbank Capital LLC has acquired a 10-pct share in the authorized capital of Global Ports (GPI), the joint release issued by N-Trans Group and Sberbank Capital reads. According to Nikita Mishin, Chairman of Global Ports BoD, “appearance of a large financial investor speaks for a high quality of our development strategy and proves a considerable potential of Global Ports terminals.”
Mishin said “appearance of a large financial institute among Global Ports shareholders considerably expands opportunities for the development of our terminals and further investments into the most promising areas of our stevedoring activities in Russia.
Ashot Khachaturyants, Director General of Sberbank Capital LLC, said when commenting on the transaction: “we are of a high opinion about the potential of Russia’s port sector and Global Ports, in particular. We believe in infrastructure projects development and think they will prove to be of a high profitability in long-term perspective.”
Global Ports Investments Plc (GPI) is one of Russia’s leading operators of container terminals. In 2008, total throughput of GPI companies amounted to 1,326 mln TEU and 18.3 mln t of other cargoes. The company operates the largest oil products handling terminal in the Baltic with gross throughput of 13.7 million tonnes of oil products and market share of over 30% of all Russian fuel oil exports.
Global Ports Investments Plc (GPI) is a part of N-Trans Group.
GPI’s terminals are located in the Baltic and Far East Basins, key gateways for Russian container imports and exports and Russian fuel oil exports. Substantially all of GPI’s container throughput represents origin and destination business. GPI’s container terminals businesses comprise Petrolesport in St. Petersburg, the second largest container terminal in the North West region of Russia; VSC, the largest container terminal in the Far East Basin; Moby Dik, St Petersburg’s third largest container terminal; Yanino Logistics Park, currently under construction and expected to be the first multi-purpose inland container logistics complex in the St. Petersburg region; and two sea terminals and five container depots in Finland and Poland. VSC is 25% owned by strategic partner DP World while Moby Dik, Yanino and the Finnish operations are 50% owned by strategic partner Container Finance Oy.
GPI’s oil products handling business is Vopak E.O.S (VEOS), the largest fuel oil terminal in the Baltic region by gross throughput and the only independent terminal of its size in the Baltic that can accommodate Very Large Crude Carrier tankers. VEOS is 50% owned by strategic partner Royal Vopak NV.