“This acquisition establishes DP World in a highly attractive market”—CEO, DP World
DP World recently announced the completion of its acquisition of a 51% stake in TIS Container Terminal in the Port of Yuzhny in Ukraine.
This follows satisfaction of specific conditions including confirmation of regulatory approval from the relevant government authorities.
This project will be DP World’s second partnership with TIS shareholders, the first being our very successful partnership in the P&O Maritime Ukraine which provides harbour towage services in the principal Black Sea ports in the Ukraine.
DP World has invested significantly across its Ports, Logistics & Maritime Services businesses. The aim is to connect directly with customers to offer logistics solutions and remove inefficiencies in the supply chain to accelerate trade.
This acquisition will expand DP World’s operations as well as strengthen TIS Container Terminal as one of the key market leading purpose-built terminals in Ukraine by leveraging DP World’s global network of ports, economic zones, warehousing and inland logistics solutions.
Furthermore, this acquisition helps make Ukraine’s trade more resilient during challenging economic times and gives DP World the potential to offer a unique Black Sea product by linking its terminals in Constanta (Romania) and Yarimca (Turkey) with TIS Container Terminal using its Unifeeder network.
“We are excited about this important milestone and this acquisition supports our long-lasting commitment to enabling global trade,” commented Sultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World.
