News & Analysis

Sberbank Capital snaps up Russian ports investment

The subsidiary of the Russian state-owned savings bank has bought ten percent of Global Ports from the N-Trans Group for an undisclosed fee. Global Ports is one of the largest container terminal operators in Russia, handing more than 30 percent of the country’s container traffic.

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Sberbank Capital, a subsidiary of Russian state-owned savings bank Sberbank, has acquired a ten percent stake in port operator Global Ports from the N-Trans Group.

The value of the transaction has not been disclosed.

Global Ports is one of the largest container terminal operators in Russia. In 2008, it handled over 1.3 billion 20-foot equivalent units, representing more than 30 percent of all container traffic in the country. It also handles more than 30% of Russia’s petroleum throughput. The company holds stakes in ports in Vostochny, Talinn and two in St. Petersburg. It also owns ports located at Helsinki and Kotka in Finland. Last year it earned revenues of around $512 million.

The N-Trans Group has holdings in transport infrastructure throughout Russian, CIS and Baltic countries. Its Globaltrans was the first Russian railroad company to successfully complete an IPO in the London market in May last year.