UAE – Mubasher: Global trade enabler DP World has acquired a 51% stake in TIS Container Terminal in Ukraine’s Port of Yuzhny.

The finalisation of the deal is pending the satisfaction of certain conditions, including regulatory approval, according to a company statement.

"Our goal is to build the industry's leading data-driven supply chain solutions through our global portfolio, creating opportunities for our customers to realise game-changing value and accelerate their cargo deployments,” DP World’s group chairman and CEO Sultan Ahmed Bin Sulayem commented.

Ukraine’s container market grew more than 20% year-on-year in 2019, and TIS Container Terminal has one of the most efficient railway connections in the region to major Ukrainian cities, supporting trade flows to the hinterland.

“We believe the strategic partnership with TIS Group will enable the terminal to continue growing, further cementing TIS Container Terminal's position as the leading gateway to Ukraine,” Bin Sulayem said.