Global Ports acquires Russia’s National Container Company for €1.2bn

London-listed Global Ports has acquired Russia's National Container Company in a $1.6 billion (€1.2bn) deal that brings together Russia's two biggest container operators.

Global Ports, Russia's market leader, will give NCC's owners – Russia's First Quantum group and businessman Andrei Kobzar – $291 million in cash and an 18 per cent stake in the merged group, valued at $361 million at market close on Friday. Global Ports will assume NCC's debt of $916 million.

The deal will give Global Ports, owned by three Russian billionaires and APM Terminals – the terminal arm of Denmark's AP Møller-Maersk – control over St Petersburg's First Container Terminal and the Ust-Luga terminal near the Gulf of Finland. – Copyright The Financial Times Limited 2013