Delo Group buys out minority shares in Global Ports and now owns over 90% of company - Shishkarev

MOSCOW. April 18 (Interfax) - The Delo Group of Companies (co-owned by Sergei Shishkarev and Rosatom) now owns over 90% of the shares of Global Ports, co-owner of the Delo group Sergei Shishkarev said in an interview with Kommersant.

"We bought out minority shareholders' stakes and depositary receipts, and now we have more than 90%," Shishkarev said when asked about Global Ports' development plans.

The group's exact share in Global Ports is now 91.26%, Delo Group's press service told Interfax. The group did not comment on the transaction amount for the minority shareholder buyout.

Before the transactions closed, the Delo Group owned 61.5% of the shares of Global Ports. Ilibrinio Establishment Ltd. and Polozio Enterprises Ltd. (former owners of the National Container Company) each owned 9% of the capital of Global Ports. Free float was 20.5%.

The company delisted its global depositary receipts (GDRs) from the London Stock Exchange (LSE) in spring 2023.

Global Ports completed its redomiciliation from Cyprus to Russian jurisdiction in early 2024.

Global Ports is the largest operator of sea container terminals in Russia. The company owns container and multifunctional terminals in Russia (Petrolesport, First Container Terminal, Ust-Luga Container Terminal and Moby Dick in the Baltic, as well as the Eastern Stevedoring Company in the Far East) and two container terminals in Finland, in Helsinki and Kotka. In addition, the company manages the Yanino Logistics Park internal terminal near St. Petersburg.