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Polish sovereign wealth fund in deal to buy DCT Gdańsk port terminal

PR dla Zagranicy
Grzegorz Siwicki 19.03.2019 14:30
A consortium of investors including Polish sovereign wealth fund PFR on Tuesday inked a deal to buy DCT Gdańsk, Poland’s largest container terminal, from its Australian owner, according to media reports.
The Deepwater Container Terminal (DCT) in the northern Polish port city of Gdańsk. The Deepwater Container Terminal (DCT) in the northern Polish port city of Gdańsk. Photo: Artur Andrzej [CC BY-SA 4.0 (https://creativecommons.org/licenses/by-sa/4.0)]

The Polish state-run investment vehicle was quoted as saying in a statement that it and two private partners, PSA International Ptd Ltd (PSA) and IFM Global Infrastructure Fund (IFM), were jointly acquiring a 100-percent stake in the Deepwater Container Terminal Gdańsk (DCT Gdańsk), Poland's largest container terminal, from Global Infrastructure Fund II managed by Australia's Macquarie Infrastructure and Real Assets (MIRA) as well as MTAA Super, AustralianSuper and Statewide Super.

The transaction will be finalised after it is approved by authorities including competition and consumer protection watchdogs, Poland’s PAP news agency reported.

DCT Gdańsk lies at an intersection of Baltic trade routes and has a strategic position as a gateway to markets in Poland and other Central and Eastern European countries, the news agency said, citing PFR.

The Gdańsk terminal is the fastest-growing container port in Europe and one of the continent’s 15 largest ports of its kind, according to the PAP news agency.

Paweł Borys, CEO of the Polish Development Fund (PFR), on Tuesday announced plans to invest around PLN 2 billion (EUR 470 million, USD 530 million) in the facility over the next four years, public broadcaster Polish Radio’s IAR news agency reported.


Source: PAP, IAR, TVP Info

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