Danube Logistics Holding BV condemns the unlawful attempt to take over control over Giurgiulesti International Free Port
On 25 February 2021 the bailiff Roman Talmaci, by his injunction and at the request of Bemol Retail
SRL, instituted de facto – abusively and illegally – the forced administration over Danube Logistics
SRL (Danube Logistics), under the pretext of the debt collection from one of the beneficiaries of the
company. The forced administration was instituted in the most regrettable traditions of the raider
attacks in Moldova, on Friday evening, without informing us so as to deprive us of the possibility to
react.
The bailiff ignored vehemently the fact that the sole shareholder of the Moldovan company is the
Dutch company Danube Logistics Holding BV (Danube Netherlands), while the main beneficiary of
the shareholding of Danube Netherlands in Danube Logistics is the European Bank for
Reconstruction and Development (EBRD). On the basis of a participation agreement the EBRD is, as
of today, entitled to 65% of eventual shares sales and dividend proceeds that Danube Netherlands
derives from its shareholding in Danube Logistics.
Mathias von Tucher, Director of Danube Netherlands stated: “We condemn and appeal in court
against the scandalous actions of the bailiff that may be qualified as a disguised expropriation of one
of the most important foreign direct investments projects in the Republic of Moldova. We urge the
state institutions of the Republic of Moldova to uphold the rule of law and to protect the interests of
Danube Logistics Holding BV, the EBRD and all other parties that have legitimate interests in Danube
Logistics.”
The Moldovan legal procedures on the basis of which the receivable was enforced by Roman Talmaci
is unrelated to Danube Logistics and Danube Netherlands, and are the object of an application
accepted for examination at the European Court of Human Rights. These limited liability companies
do not hold any assets of Bemol’s Debtor and they are not liable for any of his personal debts.
Bemol is controlled by a former investor in Danube Logistics - the Azerbaijani citizen Rafiq Aliyev.
Since 2014 multiple claims of Aliyev’s companies demanding the nullification of the sale of their
shares in Danube Logistics to Danube Netherlands in 2011 have been dismissed by Moldovan and
international courts. Since September 2019 Bemol attempts, through the intermediary of bailiffs, to
take control of the Danube Netherland’s shareholding in Danube Logistics.
Giurgiulesti International Free Port facilitates international trade of Moldovan companies with more
than 50 countries each year. As of today, the port is primarily used for the export of agricultural
products and the import of oil products, coal, fertilizers and construction materials.
