Global Ports completes redomiciliation from Cyprus to SAR on Russky Island

MOSCOW. Dec 20 (Interfax) - Global Ports has completed the process of re-registration from Cyprus to Russian jurisdiction.

According to the Unified State Register of Legal Entities, as of December 19, International JSC Global Ports Investments was registered on Russky Island in Primorsky Territory.

The CEO of the new company is Albert Likholet. The main profile of the legal entity is the business activities of a holding company.

Global Ports announced its intention to redomicile the group's corporate structure in Russia in February. It was then reported that the redomiciliation process could be completed in 2023.

At an extraordinary meeting on March 2, shareholders approved a change of jurisdiction of the company from Cyprus to the SAR on Russky Island. The shareholders also approved the change of the company's name from Global Ports Investments PLC to International Joint Stock Company Global Ports Investments.

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 region, and the Eastern Stevedoring Company in the Far East) and two container terminals in Finland, in Helsinki and Kotka (managed by Multi-Link Terminals Oy, JV Global Ports and CMA Terminals). It also manages the Yanino Logistics Park internal terminal near St. Petersburg. The largest shareholders in Global Ports are Sergei Shishkarev's Delo Group and Rosatom.