The EBRD acquired 100% of the capital of Danube Logistics Group and thereby became the sole ultimate owner of Danube Logistics SRL, the operator of the Giurgiulesti International Free Port.
The European Bank for Reconstruction and Development (EBRD) said this, noting that the deal was completed on May 7, and the change of ownership was registered in Moldova on May 18. It is emphasized that the EBRD intends to promote the continuous operation and successful development of the Giurgiulesti port and will strive to attract international investors for the further development of this only port in Moldova with access to the sea. The EBRD recalled that it has supported the construction and operation of Giurgiulesti International Free Port since 1995 and in 2013 replaced Credit Suisse as the primary economic beneficiary of the operation of the port following the refinancing of Danube Logistics’ outstanding loans by Credit Suisse. As the owner of the port, the EBRD expects the early fulfillment of all outstanding investment obligations stipulated in the Investment Agreement signed in 2004 between Moldova and the then developers of the port - Danube Logistics, Bemol Refinery and Bemol Retail. The EBRD is owned by 69 countries, including Moldova, the European Union and the European Investment Bank. With a total investment of 1.4 billion euros, the EBRD is the largest foreign investor in Moldova. // 19.05.2021 - InfoMarket
