Port of Gdansk begins privatisation process

Poland’s Port of Gdansk Authority has issued a press release stating that it has begun the privatisation of Port of Gdansk Cargo Logistics SA (PGCL), a joint stock Company under Polish Law and the port’s largest multipurpose cargo handling operator.

The sale of almost 100% of the shares in PGCL (99.1% belong to Port of Gdansk Authority 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,” according the Port Authority statement.

PGCL is a stevedoring company that provides cargo handling and storage services for goods delivered by sea, road and rail. Occupying a 90 ha site in the Port of Gdansk, PGCL is focused mainly on handling general cargo, containers and bulk.