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PSA, PFR and IFM Global completion acquisition of DCT Gdansk container terminal

PSA International Ptd Ltd (PSA), the Polish Development Fund (PFR) and the IFM Global Infrastructure Fund (GIF), advised by IFM Investors, have completed the transaction to jointly acquire DCT Gdańsk, the largest container terminal in Poland.

The completion of the transaction follows formal approval on 21 May by the relevant competition authorities and it will mark PSA's first foray into Eastern Europe.

PSA, the Polish Development Fund and the IFM Global Infrastructure Fund had announced mid- March that they had signed an agreement to purchase the terminal from Macquarie Infrastructure and Real Assets (MIRA) managed fund Global Infrastructure Fund II, MTAA Super, Australian Super and Statewide Super.

Read more: PSA, Polish Development Fund and IFM Investors to jointly acquire DCT Gdańsk container terminal

DCT Gdańsk is one of the fastest growing container ports in Europe and the only terminal in the Baltic that can serve ultra large container vessels with a capacity of up to 23,000 teu  

Container volumes handled by the terminal have grown steadily over the years to reach 1.9m teu in 2018.

The terminal has a quay length of 1,306 metres and a maximum depth of 17 metres. 

DCT Gdańsk is already undergoing expansion, which will be completed in the course of 2019 and 2020. The consortium partners have the intention to further strengthen the terminal’s position and to look into additional expansion needs as and when relevant.

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