DP World successfully completes the acquisition of a 51% stake in the TIS Container Terminal, located at the Pivdennyi Port in Odesa, Ukraine.
According to the DP World, the acquisition will help to 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 and Yarimca with TIS Container Terminal using its Unifeeder network.
Therefore, Ukraine becomes a critical link in the global supply chain economy ensuring the essential trade lanes that serve European, Asian and Middle East markets.
This acquisition establishes DP World in a highly attractive market, we look forward to contributing our experience, expertise and resources to the continued development and growth of the TIS container terminal.
Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World.
Source: DP World