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Finance Deals

  • Transaction valued at USD 1 billion
  • Agreements with minority shareholders (39%) now signed, complementing previously signed agreement with majority shareholder (61%)
  • APM Terminals’ growth ambitions continue

EUR 150 million investment planned.
4 STS Cranes and 14 ARMGs ordered for Spring 2017.
New 800,000 TEU annual capacity deep-water terminal opens January 2018, providing new logistics alternatives for Western Europe. 

Hamburger Hafen und Logistik AG (HHLA) has placed a promissory note loan on the debt capital market (DCM) for the first time. The total volume is around € 75 million. The income will be used to replace a higher interest rate shareholder loan in the non-listed real estate subgroup (S division). The high level of demand meant that the promissory note loan was subscribed more than three times over.

YILPORT HOLDING of YILDIRIM GROUP in Turkey is pleased to announce that it has reached an agreement with Portugal’s MOTA-ENGIL Group and NOVO BANCO to acquire 100% of the shares of the Portuguese port management company, TERTIR, and its portfolio of port terminals and forwarder / support services businesses located across Europe and Latin America.

International container terminal operating company APM Terminals has announced the acquisition of a majority stake in Spanish logistics firm Grup Maritim TCB.

Turkish port operator Global Ports Holding (GPH) has signed a deal to purchase a 30.79% stake in Maltese terminal operator Valletta Cruise Port (VCP).

Belgian shipping firm Euronav has announced that it has secured a $750 million credit facility  to help finance the construction of four new build Very Large Crude Carrier (VLCC) vessels and refinance 21 existing vessels.

India’s prime minister Narendra Modi along with officials from the United Arab Emirates (UAE) have backed an ambitious $75 billion programme of investment to develop a number of port projects as well as wider transport infrastructure and defence.

Filipino port operator and logistics firm International Container Terminal Services Inc. (ICTSI) is to raise capital of $450 million via a bond issue to finance further expansion.

Canadian asset management firm Brookfield Infrastructure has announced the acquisition of Australian port and logistics firm Asciano for $8.8 billion.

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Port Finance International provides online news and conferences worldwide. It is a platform and a community for senior industry experts and players to review and discuss the market. Our online news team provides daily coverage of international port finance, investment and operations news. A weekly e-newsletter- sent to readers free of charge - covers the key news and views of the week.

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