National Container Company (NCC) and Eurogate haves signed an agreement on strategic partnership according to which they are to exchange shares of container terminal in Ust-Luga (Baltic Container Terminal, BCT) and container terminal in the port of Wilgelmshafen (terminal JadeWeserPort), RBC reports.
According to the document, Eurogate acquires 20% of BCT with a right to participate in mna of BCT in the form of a representation in the BOD and financing of the terminal development program. NCC in its turn, gets an option for acquisition of 18.2% of JadeWeserPort shares. NCC is entitled to realize the option before September30, 2009.
National Container Company (NCC) is the leading Russian operator of container terminals. It holds leading position at the market of stevedoring services. NCC is owned in equal shares by First Quantum and FESCO transport group (FESCO’s control stock is owned by Industrial Investors Group). NCC assets include:
- First Container Terminal (port of St. Petersburg, leader at the market of container cargo transshipment in Russia, CIS and Baltic countries, capacity - 1 million TEU per year with a perspective expansion to 1.6 million TEU per year);
- Nodal Transporting and Forwarding Company of Novorossiysk (NUTEP, port of Novorossiysk, current capacity of 130 thou TEU with a perspective expansion to 750 thou TEU);
- Iljichevsk container terminal (Ukraine, current capacity of 450 thou TEU with a perspective expansion to 4 million TEU);
- Baltic Container Terminal in Ust-Luga (design capacity of up to 6 million TEU). It’s a large-scale project on construction of a container terminal to be implemented within the framework of a Public-Private Partnership. It is part of a group of projects aimed at construction of a multifunctional port at the mouth of the Luga-river;