Company Announcements

Statement re potential participation of TRCN in LT

Source: RNS
RNS Number : 6361K
Global Ports Investments PLC
10 July 2017
 

 

 

For immediate release                                                                                                                        10 July 2017

Global Ports Investments PLC

Statement regarding potential participation of PJSC TransContainer in Logistika-Terminal

In response to statements which appeared in the media regarding a potential participation of PJSC TransContainer in AO Logistika-Terminal ("LT"), one of the Groups' two inland container terminals located near Saint Petersburg, Global Ports Investments PLC ("Global Ports" or the "Company", together with its subsidiaries and joint ventures, the "Group" or the "Global Ports Group"; LSE ticker: GLPR) today announces the following:

Global Ports, in line with its previously announced intention to optimize its portfolio of inland terminals following the acquisition of NCC Group, confirms that it is in discussions with PJSC TransContainer on the potential sale of a significant share in LT.

The Company has not entered into any binding documents for the sale of a share in LT and if the terms of the transaction are agreed, the documents will be subject to both the parties' corporate approvals and consents of the competent regulatory authorities. The Company will issue the respective press announcements on the transaction in due course.

About Logistika-Terminal

LT is an inland container terminal near St. Petersburg providing a wide range of container freight station and dry port services. LT was launched in 2010 and was primarily intended to provide an off-dock facility for marine terminals customers and increase their service offering, including stuffing and un-stuffing of containers, longer-term storage, and the ability to temporarily store large volumes of containers.

LT's service offering includes off dock storage of laden and empty containers, dry port services, cleaning for both dry and reefer equipment as well as stuffing and un-stuffing of containers and handling of bulk cargoes. LT also offers arrangements for block-trains deliveries both to and from marine terminals as well as inland destinations.

In 2016 LT handled 174 thousand TEU and 320 thousand tons of bulk cargo.

The Group has a 100% effective ownership interest in LT

ENQUIRIES

Global Ports Investor Relations

Mikhail Grigoriev / Yana Gabdrakhmanova

+7 495 989 4769

Email: ir@globalports.com

Global Ports Media Relations

Anna Vostrukhova

+7 495 989 4769

E-mail: media@globalports.com 

Teneo Blue Rubicon

 

Laura Gilbert / Sabine Pirone

+44 20 7260 2700

E-mail: globalports@teneobluerubicon.com

NOTES TO EDITORS

Global Ports Investments PLC is the leading operator of container terminals in the Russian market.

Global Ports' terminals are located in the Baltic and Far East Basins, key regions for foreign trade cargo flows. Global Ports operates five container terminals in Russia (Petrolesport, First Container Terminal, Ust-Luga Container Terminal[1] and Moby Dik[2] in the Russian Baltics, and Vostochnaya Stevedoring Company in the Russian Far East) and two container terminals in Finland[3] (Multi-Link Terminals Helsinki and Multi-Link Terminals Kotka). Global Ports also owns inland container terminals Yanino Logistics Park[4] and Logistika-Terminal, both located in the vicinity of St. Petersburg, and has a 50% stake in the major oil products terminal AS Vopak E.O.S.[5] in Estonia.

Global Ports' Revenue for 2016 was USD 331.5 million and Adjusted EBITDA was USD 224.3 million*. Consolidated Marine Container Throughput was 1,128 thousand TEU* in 2016.

Global Ports' major shareholders are Transportation Investments Holding Limited (operating under the brand name of N-Trans), one of the largest private transportation and infrastructure groups in Russia (30.75%), and APM Terminals B.V. (30.75%), whose core expertise is the design, construction, management and operation of ports, terminals and inland services. APM Terminals operates a global terminal network of 73 ports and 140 inland services facilities, giving the company a global presence in 69 countries. 20.5% of Global Ports shares are traded in the form of global depositary receipts listed on the Main Market of the London Stock Exchange (LSE ticker: GLPR).

For more information please see: www.globalports.com

LEGAL DISCLAIMER

Some of the information in these materials may contain projections or other forward-looking statements regarding future events or the future financial performance of Global Ports. You can identify forward looking statements by terms such as "expect", "believe", "anticipate", "estimate", "intend", "will", "could," "may" or "might" or the negative of such terms or other similar expressions. Global Ports wishes to caution you that these statements are only predictions and that actual events or results may differ materially. Global Ports does not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in projections or forward-looking statements of Global Ports, including, among others, general political and economic conditions, the competitive environment, risks associated with operating in Russia and market change in the industries Global Ports operates in, as well as many other risks related to Global Ports and its operations.

 

 



[1] In which Eurogate currently has a 20% effective ownership interest. 

[2] In which Container Finance currently has a 25% effective ownership interest. 

[3] In each of which Container Finance currently has a 25% effective ownership interest. 

[4] In which Container Finance currently has a 25% effective ownership interest. 

[5] In which Royal Vopak currently has a 50% effective ownership interest. 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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