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DP World to Acquire Majority Stake in TIS Container Terminal in Port of Yuzhny

Logistic News - Published on Mon, 17 Feb 2020

Image Source: Araban Busness
Dubai-based provider of worldwide smart end-to-end supply chain logistics, DP World, has agreed to acquire a majority 51% stake in TIS Container Terminal in the Port of Yuzhny in Ukraine, subject to the satisfaction of certain conditions, including regulatory approval. Bringing the TIS Container Terminal into DP World's global network of ports, economic zones, warehousing, and inland logistics solutions will strengthen its position as the market-leading terminal of Ukraine.

This latest acquisition also complements the existing operations of DP World's P&O Maritime Services business through a joint venture with TIS Group, providing tugging, pilotage and other marine services in several Ukrainian ports.

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Posted By : Nishith Sharma on Mon, 17 Feb 2020
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