Global Ports to consolidate Russian terminals

Global Ports Investments PLC has announced that it had entered into binding agreements with CMA Terminals on cash free shares swap.

In exchange for 25% of Multi Link Terminals Ltd Oy, Finland, Global Port will receive 25% of CD Holding Oy, Finland, and 25% of Multi Link Terminals Ltd, Ireland, which own Yanino Logistics Park (LP) and Moby Dik (MD) respectively.

According to Global Ports, this will allow the Russian port and terminal operator to concentrate its full control over Russian terminals and to ensure its flexibility in creating value in the rapidly changing Russian stevedoring market.

The company’s share in Finnish Ports will decrease from 75% to 50%.