DP World, one of the world's largest port operators, has acquired 51% of the TIS container terminal. The transaction was performed by SD Capital.
TIS announced this in a statement, the CFTS portal reports.
"Our container terminal is now part of the DP World global family... The container terminal has become part of the world's largest group, which means it will have access to innovation, IT solutions, expertise, and many other factors.
“The arrival of DP World is a huge step not only for the Ukrainian transport industry, but also for the whole country. This event will have a positive effect on the investment climate in Ukraine and provide a foundation for further growth," TIS said in the statement.
The company did not announce the value and terms of the deal.
The TIS container terminal currently operates five STS cranes in its berths. The berths have a depth of 15 meters and a length of the berths is 600 meters. Fifteen container trains depart from the terminal for Kyiv, Dnipro, Chernihiv, Kharkiv, and Ternopil every week. The terminal processed 220,000 TEU in 2019.
As reported, DP World entered the Ukrainian market in January 2018 through its subsidiary P&O Maritime, which began providing towing services in the Pivdennyi port and later in the Odesa port.