Global Ports buys NCC

Global Ports is ready to become the biggest container terminal inEastern Europeafter they announced acquisition of second biggest Russian port operator National Container Company (NCC).

Global Ports will pay around 1,56 milliard dollars for NCC, including also 291 million dollars in cash, 18 % share in company valid around 360 million dollars, and at the NCC’s debt.

An agreement will give to Global Ports, under the ownership of Danish ship company AP Moller-Maersk and group of Russian billionaires, supervision on ports in surroundings of Saint Petersburg and option for buying 50% of shares in Ukraine’s port Illichevsk for 60 million dollars.

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