10 September 2012

APM Terminals Invests in Russia, Acquires 37.5% stake in Global Ports

The Hague, The Netherlands – 10 September 2012 - APM Terminals is now entering the attractive Russian market in a strategic partnership with the leading Russian transportation group, N-Trans. 

By acquiring 37.5 pct. of the public company Global Ports, APM Terminals becomes an equal controlling partner in the leading operator of container terminals in Russia. Up until now, N-Trans has been the sole controlling shareholder of Global Ports with 75 pct. ownership. 

The new partnership was made public today in London. The transaction values Global Ports approximately at USD 2.3 billion, making APM Terminals’ share acquisition the largest foreign direct investment in Russia’s transportation industry to date. 

With this new partnership APM Terminals adds three container terminals in Russia, two container terminals in Finland, one inland container depot in the vicinity of St. Petersburg and a major oil and oil products terminal to its global network. With this new partnership, APM Terminals will also be able to play a major role in expanding terminal capacity for future demand in Russia and neighboring countries when the right opportunities present themselves. 

APM Terminals’ CEO Kim Fejfer believes that this strategic investment will offer value to APM Terminals’ shipping customers today and create further opportunities to accommodate their growth in the future. The Russian market showed impressive growth rates in the past with an average growth over 15 pct. a year in the past five years. The rapidly developing middle class, Russia’s integration with the global economy as evidenced by the recent WTO membership and the country’s wealth of natural resourceswill continue to fuel the growth in exports and imports in the long run. 

Russia will need world-class port infrastructure and operational excellence to serve global shipping lines and its own ambition of economic development. Today we are proud to announce that we found an excellent partner to expand our network to Russia. Global Ports has a well-diversified port network, a very experienced management team, a sound customer-focus, and a good eye to grow the business,” commented Kim Fejfer. 

Nikita Mishin, Chairman of the Board of Directors in Global Ports, states “I am confident that by drawing on the expertise of a leading international player like APM Terminals and N-Trans’s significant experience in developing infrastructure in Russia, we will further strengthen Global Ports' leadership in our markets. With the support of these shareholders we can look forward to the successful development and efficient deployment of new capacity and will be able to respond even more quickly to the opportunities for growth in our underlying markets to the benefit of all of our stakeholders.” 

Global Ports reported revenues of USD 501m and an adjusted EBITDA of USD 282m for 2011. It has been listed on the London Stock Exchange since 2011. 

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. 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 Inland Services operations in 155 locations, giving APM Terminals an overall international presence in 64 countries. 

Source: APM Terminals