RSGT completes US$280m equity sale to Saudi Public Investment Fund and COSCO Shipping Ports
Red Sea Gateway Terminal (RSGT) has officially completed its 40% equity sale to Saudi Arabia’s Public Investment Fund (PIF) and COSCO Shipping Ports Limited (CSPL), with each party accounting for 20%.
The transactions imply an enterprise value for RSGT of US$880m and a total gross inflow of equity value for the founding shareholders of US$280m.
RSGT currently has an annual container throughput capacity of 5.2m teu, making it the largest terminal in Jeddah Islamic Port (JIP), which is also the largest port in Saudi Arabia.
You need a free subscription to read the entire article.
Subscribe
Subscribe for FREE and gain access to all our content.
More than 5000+ articles.
Related Posts
Other News
Container Management (cm) has been published for more than 30 years serving the port, terminal, intermodal and container handling equipment industries worldwide.
