Friday , 19 April 2019
Latest News
PSA, IFM and PFR will jointly acquire DCT Gdansk
DCT Gdansk is ranked among the top 15 container ports in the continent

PSA, IFM and PFR will jointly acquire DCT Gdansk

PSA International, the Polish Development Fund (PFR) and the IFM Global Infrastructure (GIF) managed by IFM Investors have signed an agreement to jointly acquire 100% of the Deepwater Container Terminal (DCT) Gdansk.

The acquisition marks PSA’s first investment in Eastern Europe and Tan Chong Meng, group CEO of PSA International, aims to utilise the group’s global network and expertise to strengthen the facility’s position as the preferred port of call for Poland.

Ranked amongst the 15 largest container ports in the continent DCT Gdansk, with a quay length of 1,305 m and a maximum depth of 17 m, is the fastest growing container port in Europe.

It is the only terminal in the Baltic that can serve vessels up to 23,000 teu and container volumes have risen steadily over the years to reach 1.9m teu in 2018.

Pawel Borys, CEO of PFR, said: “We are pleased that we managed to successfully complete the acquisition of a special asset – the only deep-water container terminal in Poland and the entire Baltic Sea basin.

“I believe that the unique combination of local and international content, as well as PSA’s operational know-how will reinforce DCT Gdansk for further growth.”

Following approval from the relevant competition authorities, the shareholders will acquire DCT Gdansk from Macquarie Infrastructure and Real Assets (MIRA) managed fund Global Infrastructure Fund II, MTAA Super, AustralianSuper and Statewide Super.

Martin Stanley, global head of Macquarie Asset Management, said on the behalf of the outgoing shareholders said: “We leave the business well positioned to serve the needs of this dynamic region and wish the new shareholders well as they embark on the next phase of the port’s growth story.”

The terminal is expected to reach full capacity utilisation in the near future due to constant growth and development of the business.

To allow for further development of the facility PSA, GIF and PFR will explore the construction of a new expansion area and further increases in capacity.