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APM Terminals to Buy Remaining Shares in Grup Maritim TCB

Time:2015-10-18 21:06 Source:World Maritime News Writer:admin Click:Times

Dutch container terminal operator APM Terminals has agreed to purchase the remaining 39 per cent of shares in the Barcelona-based Grup Maritim TCB from Perez y Cia, with the overall value of the deal estimated at USD 1 billion.

 

Back in September, APM Terminals bought a 61 per cent share in Grup Maritim TCB, operator of 11 container terminals in Europe and Latin America, from Perez y Cia.

 

“This 100% share agreement reflects a major milestone in paving the way for closing this deal and expanding our competitive offerings for our clients. The complementary expertise and market geography of the Grup Maritim TCB portfolio will enable us to bring more value to our clients, achieve our growth ambitions and further diversify our global portfolio,” APM Terminals CEO Kim Fejfer said.

 

The Dutch operator plans to invest around 400 million into Grup Maritim within next five years. The transaction is expected to close in the first quarter of 2016, subject to certain conditions precedent, including relevant approvals.

 

Grup Maritim TCB’s 11 container terminals have an annual throughput capacity of 4.3 million TEUs and an estimated annual container volume of 3.5 million TEUs. The portfolio consists of Spanish container terminal concessions in Barcelona, Valencia and Castellon, on the Mediterranean coast, along with the concessions in Gijon, on the Bay of Biscay, and in the Canary Islands: Santa Cruz on Tenerife and Santa Cruz on La Palma. Outside of Spain, Grup Maritim TCB’s terminal operations include Izmir, Turkey; Yucatan, Mexico; Quetzal, Guatemala (under construction, opening 2016); Buenaventura, Colombia, on the Pacific Coast; and Paranagua, Brazil.

 

This latest portfolio expansion of the APM Terminals Global Terminal Network increases the number of operating facilities to 74, in 40 countries across five continents.

(Editer:admin)

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