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PSA acquires 22% stake in Duisburg Gateway Terminal

DGT An artist's impression of DGT
Singapore’s PSA has agreed to buy a 22% stake in Germany’s Duisburg Gateway Terminal (DGT) GmbH, subject to regulatory approvals.

DGT is under construction at the port of Duisburg and will be the first 100% climate-neutral inland container terminal in the European hinterlands, PSA said. The first phase of construction is due to finish in Q1 2024. When complete, DGT will be the largest European hinterland container terminal with an area of 235,000 square metres.

On completion of the deal, PSA will join Hupac, HTS and duisport as shareholders of the terminal. COSCO withdrew from DST in 2022, divesting its shares to duisberg.

Duisport CEO, Markus Bangen, said: "We are pleased to have gained an important strategic partner for the DGT company in PSA, which will contribute significantly to the success of the Duisburg Gateway Terminal with its various business segments in Europe, Asia and worldwide. This network expansion strengthens both the competitive diversity and the further diversification of the Port of Duisburg. The topic of supply chain diversification has an increasingly important meaning," says.

Tan Chong Meng, Group CEO of PSA, said: “We are excited to become a partner in Duisburg Gateway Terminal, alongside its existing shareholders duisport, HUPAC and HTS. As part of Europe’s largest and most sustainable inland port, DGT will be a key gateway in providing green logistics services to Germany’s dense industrial hinterland.

“Leveraging PSA’s global ports and supply chain network as well as its strong presence in continental Europe, PSA aims to strengthen the DGT partnership and support Germany’s green energy transition in line with our strategic focus towards enabling smoother, more resilient and sustainable trade.”