28th Nov 2012 14:30
For immediate release 28 November 2012
Global Ports Investments announces completion Of transaction:
APM Terminals acquireS 37.5% stake in the Group
Global Ports Investments PLC (the "Global Ports" or "Company"), (LSE ticker: GLPR) announces that APM Terminals B.V. ("APM Terminals"), a global port, terminal and inland services operator, and Transportation Investments Holding Limited ("TIHL" or "N-Trans"), one of Russia's largest privately owned transportation groups, have closed the deal, announced on 10 September 2012, in which APM Terminals agreed to acquire 37.5% of the shares in the Company from TIHL, and APM Terminals has now become the joint controlling shareholder of the Company together with TIHL.
As a result of the transaction, from 28 November 2012 each of N-Trans and APM Terminals now owns 88,125,000 of the Company's voting shares (constituting 18.75% of the Company's total issued shares) and 88,125,000 of the Company's non-voting shares (constituting 18.75% of the Company's issued shares). Thus APM Terminals and N-Trans together own 75% of the Company's issued shares, corresponding to 60% of its voting rights. 25% of the Company's issued shares, corresponding to 40% of the Company's voting rights, are represented by Global Depository Receipts (GDRs) traded on the Main Market of the London Stock Exchange (LSE ticker: GLPR).
Nikita Mishin, Chairman of Global Ports, commented:
"We are delighted to see that APM Terminals' partnership in developing Global Ports, which represents the largest ever direct foreign investment into the Russian infrastructure sector, has received quick and smooth approvals from the relevant authorities in seven countries. APM Terminals has a wealth of experience in the industry and their international expertise will be of great benefit to our business."
Kim Fejfer, CEO of APM Terminals, commented
"We are excited to be entering the fast-growing Russian container market which has a promising outlook for long term structural growth. We look forward to working together with N-Trans on the Global Ports platform and being part of this exciting growth opportunity."
ENQUIRIES
GLOBAL PORTS:
Investor Relations
Mikhail Grigoriev
+357 25 503 163
Email: [email protected]
Media Relations
Anna Vostrukhova
+357 25 503 163
Email: [email protected]
Holloway & Associates
Laura Gilbert, Zoe Watt
+44 20 7240 2486
Email: [email protected]
N-TRANS:
Priit Pedaja, Head of Investor Relations
+7 495 961 0272
APM TERMINALS:
Erik Eisenberg, Vice President, Communications & Branding
The Hague, Netherlands
Office: +31 (70) 304 3180
Mobile: +31 (61) 089 1229
Tom Boyd, Director, External Communications
The Hague, Netherlands
Office: +31 (70) 304 2181
Mobile +31 (61) 272 5696
NOTES TO EDITORS
Global Ports Investments PLC is the leading operator of container terminals in the Russian market. Global Ports accounts for 30% of the total container volumes in Russian ports and 23% of the total exports of fuel oil from the former Soviet Union countries. Global Ports is part of N-Trans group, one of the largest private transportation and infrastructure operators in Russia. Global Ports' terminals are located in the Baltic and Far East Basins, key regions for foreign trade cargo flows. Global Ports operates three container terminals in Russia (Petrolesport and Moby Dik in St. Petersburg, Vostochnaya Stevedoring Company in the Vostochny Port) and two container terminals in Finland (Multi-Link Terminal Helsinki and Multi-Link Terminal Kotka). Global Ports group also includes Yanino Logistics Park located in the vicinity of St. Petersburg and a major oil terminal, Vopak E.O.S., in Estonia.
Global Ports' consolidated revenue for the six months ended 30 June 2012 was USD 255.7 million. Adjusted EBITDA for the year six months ended 30 June 2012 was USD 145 million.
The Group's Russian Ports segment handled a total container throughput of approximately 709 thousand TEUs in the first half of 2012 (excluding Yanino).
In June 2011 Global Ports listed its GDRs on the Main Market of the London Stock Exchange (LSE ticker: GLPR).
For more information please see: www.globalports.com
Transportation Investments Holding Limited (TIHL) is one of the largest privately-owned transportation groups in Russia, the CIS and the Baltic Region with strategic interests in rail transportation and port operations and carries on business under the name of N-Trans. TIHL is ultimately controlled by a company the beneficial owners of which are Nikita Mishin, Konstantin Nikolaev and Andrey Filatov.
Information on APM Terminals
APM Terminals' Global Terminal Network of ports and inland services provide the infrastructure for the growth of international trade, 90% of which travels by sea. International commerce is an economic growth engine, creating jobs, lifting economies and improving people's lives around the world.
With world headquarters in The Hague, Netherlands, the company's core expertise is the design, construction, management and operation of ports, terminals and inland services with a Global Terminal Network of 56 operating port facilities and 155 Inland Services operations, giving APM Terminals a global presence in 64 countries.
For more information please see: www.apmterminals.com; www.apmterminalsphotos.com (photos) www.apmtvideonews.com (multimedia)
Related Shares:
GLPR.L