EBRD Acquires the Danube Logistics Group of Companies
The European Bank for Reconstruction and Development acquired 100% of the capital of the Danube Logistics group of companies. Thus, the EBRD has become the sole owner of Danube Logistics SRL, the operator of the Giurgiulesti Free International Port, according to a statement from the EBRD.
The EBRD representatives claim that they intend to promote a further operation and successful development of the Giurgiulesti Free International Port. At the same time, it aims to attract international investors to support and further develop the port.
Since 1995, the EBRD has supported the operation of the Giurgiulesti Free International Port, and in 2013 it replaced Credit Suisse as the main economic beneficiary, following the refinancing of the remaining Danube Logistics loans to Credit Suisse.
The EBRD is owned by 69 countries and two intergovernmental institutions – the European Union and the European Investment Bank.
With total investments of 1.4 billion euros, the EBRD is the largest foreign investor in Moldova.
The Giurgiulesti Free International Port is the only sea-river port of Moldova located on the Danube. On average, the port facilitates the international trade of Moldovan companies with over 50 countries each year.
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