One, two, three - DCT is sold
People have been aware of the negotiations since 2018: now, the consortium around the port operator PSA International has inked the acquisition of Poland's largest port container terminal for a total of EUR 1.1 billion.
The international group of investors, which includes the Australian pension fund manager IFM Investors and the Polish sovereign wealth fund, is to acquire the Deepwater Container Terminal (DCT) of Gdansk from Australia-based Macquarie Group's infrastructure investment arm, which holds 63.8% of the investment.
The transaction still requires, inter alia, antitrust authority approval. DCT lifted 1.9 million teu in 2018, 16% more than the 1.6 million teu in 2017. According to European Commission forecasts, the Polish economy should grow by 3.5% this year. While this is much slower than the country's 5.1% in 2017, the growth rate is higher than in most other European countries. (kd)