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DP World acquires Ukraine's TIS Terminal

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Christian Fernsby ▼ | February 14, 2020
DP World has agreed to acquire a majority 51% stake in TIS Container Terminal in the Port of Yuzhny, Ukraine.
Port of Yuzhny, Ukraine
Acquisition   Port of Yuzhny, Ukraine
The transaction value is less than 2% of DP World’s NAV and is expected to close in 1H2020 and the acquisition is subject to customary condition precedents, including regulatory approvals.

Topics: DP World acquire Ukraine TIS Terminal

The port of Yuzhny is a deepwater multipurpose terminal located in the north-west coast of the Black Sea and is ideally situated to serve the strong Ukrainian domestic market, as well as Belarus and other parts of Eastern Europe.

The port has unmatched rail and road connectivity with a container capacity of 500k TEU and 6.5mn tonnes of diversified bulk capacity.