MPDC is the operating company formed to operate the concession for the ports of Maputo and Matola, which covers both marine operations and much of the port terminals.
In the past few years Grindrod has set about systematically establishing an increasing interest and involvement in the Mozambique port including a 95% acquisition of the adjacent Matola coal terminal. Meanwhile, Dubai-based DP World, with which Grindrod will now work in partnership, inherited the concession to operate the port’s container terminal when that company acquired P&O Ports’ international interests.
Following the latest development Grindrod has entered into a partnering agreement with DP World in which each company will hold a 48.5% share of Portus Indico, of which MPDC forms its operating arm. A local Mozambique group owns the remaining balance of 3%.