Russia's Global Ports to market IPO next week

Russian ports operator Global Ports may begin pre-marketing of an IPO next week, Reuters reports citing unnamed sources close to the Group.


The company is 90% owned by N-Trans, the majority shareholder in publicly traded freight operator GlobalTrans Investment (GLTRq.L).


Global Ports Investments Plc. is a leading terminal operator in Russia and the Baltic States, handling major volume of containers and petroleum products. The Group is owned by N-Trans, the largest Russian private transportation and infrastructure group. Located in the Baltic and Far East basins, GPI’s terminals enable Russia’s import / export of containers and petroleum products.


GPI operates three container port facilities in Russia (including Petrolesport and Moby Dick Co Ltd. in St. Petersburg and VSC in Nakhodka), two container terminals in Finland and Vopak E.O.S., the major Baltic petroleum products terminal. Besides, the Group is currently developing the project of Yanino terminal in St. Petersburg region.
(Source:http://en.portnews.ru)