"DP World" was able to complete the acquisition of a 51% stake in the TIS container terminal at Yuzhny Port in Ukraine after meeting the required conditions and the necessary regulatory approvals.
In a related context, the project will represent the second partnership for Dubai Ports with the shareholders of the "TIS" station, and the first partnership was very successful with P&O Maritime Ukraine by providing towing services in the main sea ports on the Black Sea in Ukraine.
In this regard, the acquisition is expected to expand the operations of DP World and enhance the position of TIS as one of the most important main container terminals in Ukraine.
Speaking in this context, Sultan Ahmed bin Sulayem, Chairman and CEO of Dubai Ports World Group, said that the acquisition places the group in a very attractive market environment, expressing their aspiration to contribute to the experiences and resources of DP World in the continuous development and growth of the TIS container terminal. .