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21 October 2019 The on-line newspaper devoted to the world of transports 20:28 GMT+2



October 22, 2012

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Original news
DP World yields to Global Ports 25% of Vostochnaya Stevedoring Company

The container terminal will be of entire property of the Cypriot group

terminalista group DP World of Dubay has signed an agreement in order to yield 25% of the capital stock of the harbour enterprise Vostochnaya Stevedoring Company (VSC) to the Global Cypriot Ports Investments PLC, that she will become therefore only owner of the company. The transaction has a value of 230 million dollars and, second the forecasts, will come capacity to term within this week.

VSC work a container terminal in the port of Vostochny that, with a annual ability to traffic pairs to 550 thousand teu, is the greatest terminal for containers of the Russian Federation in Far East. Global Ports has announced that in the first six months of the 2012 terminal of VSC it has recorded an increment of 18% of the traffic.

“This investment - the president of Global Ports has commented, Nikita Mishin - emphasizes our persistent confidence in the remarkable perspectives of increase of the Russian market of the container. To obtain the entire property of what it is already an excellence asset, and that has the potential one to quadruplicate its ability, is a step of strategic importance for the group and is online with our determined intention to pursue an ulterior increase in Russia and CSI. DP World - it has concluded Mishin - has been revealed to be a reliable partner and is pleased of the results that we have been able to achieve together in the development of this port”.





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