Port of Gdansk Authority S.A., one of the most rapidly developing ports in the Baltic Sea, has commenced the privatisation of Port of Gdansk Cargo Logistics S.A. (Port Gdański Eksploatacja S.A., a joint stock Company under Polish Law), its largest multipurpose cargo handling operator.
The Port of Gdansk is Poland's largest port designated by the European Union as the core port of the TEN-T Baltic Adriatic Corridor no.1. With 30.3 million tonnes of cargo handled in 2013, being a record figure in a 1000-year long history of the Port of Gdansk, it ranked seventh in the Baltic Sea and second in terms of the number of containers handled.
An important stage of the Port of Gdansk's intense development is a decision to sell a block of shares in Port of Gdansk Cargo Logistics S.A., a stevedoring company that provides cargo handling and storage services for goods delivered by sea, road and rail, to one of the largest seaports of Central and Eastern Europe.
Port of Gdansk Cargo Logistics S.A. is a port operator focused mainly on handling general cargo, (including containerized) and bulk cargo, that pursues its business on over 90 ha of the Port of Gdansk’s attractively located plots.
The purchase of a block of 100% of shares in Port of Gdansk Cargo Logistics SA (99.1% of shares belong to Port of Gdansk Authority S.A. and the outstanding 0.09% is subject to compulsory buyout) is currently one of the most interesting investment options on the maritime market in Central and Eastern Europe.
Gdansk as the largest port located in Poland, is a commercial centre that in 2013 handled in its terminals and quays the cargo worth of roughly EUR 40 billion, which accounts for 50% of Poland’s (the sixth largest European market) income.
Detailed information on how to join the negotiations procedure for the purchase of shares in Port of Gdansk Cargo Logistics SA can be found at www.portgdansk.pl/privatization.
The deadline for sending tentative bids expires on May 12, 2014.
The announcement on the privatization process will be available on March 31, 2014, in the following newspapers: Financial Times, Lloyd’s List, Rzeczpospolita (Polish newspaper), Gazeta Wyborcza (Polish newspaper), together with Dry Cargo International April issue and International Transport Journal April issue.
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