Golden 22%
Another step towards Europe: PSA International, a global port and terminal operator headquartered in Singapore, is to acquire a minority stake of 22% in Duisburg Gateway Terminal (DGT). The trimodal DGT is currently under construction and is scheduled to become operational in Q1/2024 with a final area of 235,000 sqm.
The transaction will complete DGT’s international investor group which will then comprise Hupac, HTS, Duisport and PSA. The newly concluded agreements with PSA are still subject to the approval of the relevant competition and supervisory authorities.
Duisport CEO Markus Bangen sees PSA as an "important strategic partner" whose activities in Europe, Asia and worldwide will also promote "the further diversification of the Port of Duisburg".
Tan Chong Meng, CEO of the PSA Group, also expects DGT to contribute to the "green energy transition in Germany" as an "important gateway for the provision of eco-friendly logistics services for Germany's dense industrial hinterland." (cd)