Global Ports Investments, of which APM Terminals is a
co-controlling shareholder, has announced today it 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’ leading 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 which serves primarily as an inland container yard for First
Container Terminal.In 2012, NCC Group’s marine terminals’ annual container handling
capacity was approximately 1.69 million TEUs which can be significantly
expanded in response to market demand. NCC Group’s inland container
facility has a capacity of 200,000 TEUs. NCC Group generated revenues of USD 253 million and Adjusted EBITDA of USD 164 million in 2012.Global Ports intended acquisition of NCC is financed through a
combination of a cash consideration, new shares representing
approximately 18% of the enlarged share capital of Global Ports and
assumption of debt of NCC, leading to a combined enterprise value of
app. 1.5b USD.
PORTS
02 September 2013 - 08:03
Global Ports to Acquire Russian Terminal Operator NCC Group
Global Ports Investments, of which APM Terminals is a co-controlling shareholder, has announced today it has entered into a binding agreement to acquire 100% of the Moscow-based NCC Group Limited, a Russian terminal operator.
PORTS
02 September 2013 - 08:03
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