16 Aug 2017 12:00
16 August 2017
Global Ports agreed to sell JSC «Logistika-Terminal» to PJSC TransContainer
Global Ports Investments PLC (and together with its subsidiaries and joint ventures, "the Group"), (LSE ticker: GLPR) announces that First Container Terminal Inc., one of the Group's sea terminals, has signed an agreement to sell its 100% shares in JSC «Logistika-Terminal» ("LT"), one of the Group's two inland terminals, to PJSC TransContainer for a consideration of 1.9 billion Russian rubles to be paid upon completion of the transaction.
The transaction will allow the Group to optimize its inland terminal network focusing on the Yanino terminal, a modern multipurpose inland terminal in the vicinity of St. Petersburg. The Group intends to use the proceeds of the sale for further deleveraging, a key strategic priority. The transaction is subject to approval of relevant regulatory authorities.
About LT
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.
In 2016 LT handled 174 thousand TEU and 320 thousand tons of bulk cargo.
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Global Ports Investor Relations
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Email: ir@globalports.com
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NOTES TO EDITORS
Global Ports Investments PLC is the leading operator of container terminals in the Russian market.
The Group's 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 Terminal1 and Moby Dik2 in the Russian Baltics, and Vostochnaya Stevedoring Company in the Russian Far East) and two container terminals in Finland3 (Multi-Link Terminals Helsinki and Multi-Link Terminals Kotka). The Group also owns inland container terminals Yanino Logistics Park4 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.