News / Global Ports consolidates Russian operations with acquisition of NCC

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In a major move to consolidate terminal operations in Russia, Global Ports, of which APM Terminals is a co-controlling shareholder, is to acquire Moscow-based operator NCC Group.

Global Ports announced today that it had “entered into binding arrangements to acquire 100% of the share capital of NCC for a cash consideration of US$291 million and new shares representing approximately 18% of the enlarged share capital of Global Ports to be issued to Ilibrinio Establishment  and Polozio Enterprises (the sellers)”.

The acquisition is ...