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Hili ‘close’ to owning major Polish Freeport

Date: 12/06/2014

Mariner Company Ltd, owned by the former boss of Malta Freeport, Marin Hili, is close to acquiring the full ownership of a freeport terminal in Gdansk.

Gdansk is the main seaport in Poland and a major player in the Baltic maritime industry .

Following a call for the privatisation of Gdansk Cargo Logistics SA last March, owned by the Port of Gdansk Authority, the Maltese company was shortlisted as preferred bidder to acquire the shares of the Polish company.

Mariner will now be invited to the final negotiations to conclude a binding bid.

Port of Gdansk Cargo is the sole operator of the Gdansk container terminal and the port’s free zone.

It conducts handling operations over an area of 90 hectares in eight quays and focuses mainly on handling general cargo, including containerized and bulk goods.

Gdansk last year handled cargo worth €40 billion or half of Poland’s total imports.

On 4th June 2014, Mariner also announced a €30m bond issue.

 

Source: Times of Malta

 
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