Mergers/Acquisition/Privatisation
Mergers/Acquisition/Privatisation describes the consolidation of companies or assets through various types of financial transactions, including mergers, acquisitions, state privatisation, consolidations, tender offers, purchase of assets, and management acquisitions. Also includes port privatisation and port concessions which include equity holdings.
Algeciras port, HMM meet to discuss TTI Algeciras acquisition
Algeciras, Spain (PortSEurope) June 1, 2017 – Algeciras port authority (Autoridad Portuaria Bahía de Algeciras) and Hyundai Merchant Marine (HMM) met to...
Russia’s Summa Group mulls acquisition of Transneft’s stake in NCSP
Novorossiysk, Russia (PortSEurope) June 1, 2017 – Russian diversified private holding company Summa Group is considering the acquisition of a stake of JSC...
Russia will not privatise 20% stake in NCSP in 2017
Novorossiysk, Russia (PortSEurope) May 25, 2017 – The privatisation of Novorossiysk Commercial Sea Port (NCSP) will not take place in 2017, Deputy Finance...
Spain’s Europac completes sale of Viana do Castelo port unit
Viana do Castelo, Portugal (PortSEurope) May 23, 2017 – Spanish company Papeles y Cartones de Europe S.A. (Europac) has completed the sale of Europac...
OT Logistics ready to continue cooperation with Montenegro regarding the Bar port development
Bar, Montenegro (PortSEurope) May 22, 2017 – OT Logistics S.A. has received an official notification from Montenegro on the decision of the Council for...
Fincantieri acquires control of STX France
Trieste, May 19, 2017 – Fincantieri S.p.A. has announced that it signed today a share purchase agreement for the acquisition of 66.66% of the share capital...
Poland’s OT Logistics places fresh bid for 30% stake in Luka Bar
Bar, Montenegro (PortSEurope) May 17, 2017 – The Montenegrin privatisation council said it has received a new and “more profitable” bid for the...
Greek state to keep control of some regional ports
Piraeus, Greece (PortSEurope) May 14, 2017 – State sell-off fund TAIPED will retain control of 10 regional ports of international interest, with the aim...
Thessaloniki Port Authority: Results of tax audit fiscal 2005-2011
Thessaloniki, Greece (PortSEurope) May 14, 2017 – The Thessaloniki Port Authority S.A. (ThPA SA) has announced that the ordinary tax audit for the years...
Hyundai Merchant Marine to buy Total Terminal International Algeciras
Algeciras, Spain (PortSEurope) May 13, 2017 – Hyundai Merchant Marine Co. (HMM) has said that it will purchase a 100% stake in the company that controls...
Montenegro’s Bosniak Party (BS) seeks to control Bar port operator
Bar, Montenegro (PortSEurope) May 11, 2017 – Montenegrin port operator Luka Bar a.d. has delayed its shareholders’ meeting that had to be carried out...
Poland’s OT Logistics requests meeting with Montenegrin government on Luka Bar sale
Bar, Montenegro (PortSEurope) May 10, 2017 – Polish company OT Logistics has sent a letter to the Montenegrin government, requesting a meeting to discuss the...
ADM acquires Israeli feed importer
Tel Aviv, Israel (PortSEurope) May 10, 2017 – Archer Daniels Midland Company is to purchase a controlling holding in Industries Centers, an Israeli...
Millet SA and Regiorail to operate traction services for OFP Atlantique
Nantes-St.Nazaire, France (PortSEurope) May 6, 2017 – Millet SA and Regiorail are to set up OuestRail in order to take over the traction services of OFP...
Limassol port remains under pressure following privatisation
Limassol, Cyprus (PortSEurope) May 3, 2017 – On January 29, 2017, Dubai’s DP World assumed management of Limassol port as part of the government’s...
Alkion Terminals signs contract for LBC assets
Amsterdam, Netherlands (PortSEurope) May 3, 2017 – Alkion Terminals and LBC Tank Terminals (LBC) have announced the signing of an agreement in which...
Montenegrin prime minister says OT Logistics bid for Luka Bar is unsatisfactory
Bar, Montenegro (PortSEurope) April 27, 2017 – Montenegrin prime minister Dusko Markovic said the sale of 30% stake in Bar port operator, Luka Bar a.d. Bar,...