The fund manager, part of the A.P. Moller Group, will acquire a 53.35% stake in Thaumas N.V., the company that indirectly owns Euroports, gaining access to 40 sea and inland terminals across 10 European countries and China.
The shares are being acquired from R-Logitech and its co-shareholders, Belgian public investment companies SFPIM and PMV, who will nevertheless continue to hold stock in Euroports. Completion of the transaction is subject to the satisfaction of customary closing conditions, including receipt of regulatory and other third-party approvals.
"The company handles more than 70 million tonnes of dry bulk, break-bulk, and liquid bulk cargo each year, including fertilisers, agribulk, sugar, fruit, forest products, metals, and minerals," Euroports detailed in a press briefing.
The Belgium-headquartered operator also underlined, "The company also operates and manages Manuport Logistics, an independent freight forwarding business active in more than 20 countries. Manuport Logistics will continue to operate under its own brand and pursue its growth plan as part of the wider Euroports platform."
The brief also reads, "The new consortium, led by A.P. Moller Capital's majority ownership, will jointly support Euroports, while preserving the company's existing management structure, governance framework, and strategic direction. The current management team has successfully achieved stable growth over the years and will continue under the new ownership structure."
"Euroports plays a vital role in global logistics networks with critical infrastructure assets and a compelling service offering for essential commodities. This transaction marks the beginning of a new chapter for Euroports, providing a strong basis to continue its growth trajectory, pursue new opportunities, and build on the solid foundations that have underpinned its success to date," said Frederic Platini, CEO of the Euroports Group.
Kim Fejfer, Managing Partner and CEO, A.P. Moller Capital, commented, "In a changing world, resilient supply chains and secure trade flows are increasingly essential to economic stability and growth. As one of the largest non-containerised port-infrastructure operators in Europe, Euroports plays a critical role in facilitating the movement of essential commodities through infrastructure that underpins European industry, food systems, and manufacturing. We see significant long-term value in combining Euroports' strong operational platform with A.P. Moller Capital's industrial expertise and long-term investment approach. Together with SFPIM, PMV, and the management team, we look forward to developing Euroports' position as a leading provider of critical logistics infrastructure and helping ensure that important trade flows remain efficient, reliable, and resilient."
Joe Nielsen, Partner at A.P. Moller Capital, shared, "Euroports is a substantial ports and logistics platform with a diversified terminal network that provides its customers with resilient supply chain opportunities and exposure to essential cargo flows across Europe. We are excited to support the next phase of Euroports' growth as we build on these strengths to broaden the company's footprint and attract new customers and volumes."
In the Baltic Sea region, Euroports is active in the Finnish ports of Loviisa, Kemi, Oulu, Kaskinen, Hanko, Hamina, Rauma, and Pietarsaari, as well as Rostock in Germany (across a range of eight different cargo operations).
Photo: Euroports Finland
