Węglokoks buys Port Północny in Gdańsk. The application was submitted to the Office of Competition and Consumer Protection

As we read on the website UOKiK, the transaction involves Węglokoks SA taking over control of Przedsiębiorstwo Przeładunkowo-Składowe Port-Północny sp. z o. o. based in Gdańsk. The application in this matter was submitted to the office on Wednesday, October 25.

On October 5 this year, Węglokoks announced that it had finalized the purchase of shares in Przedsiębiorstwo Przeładunkowo-Składowe Port Północny from SEA-invest Corporation.

“As a result of the transaction, Węglokoks – a capital group associating companies from the steel, energy and logistics sectors, acquires 80.43 percent of PPS Port Północny shares, which gives Węglokoks control over the company,” we read in the release.

It was noted that over the last 12 years, the port of Gdańsk “has become the largest and most important bulk port in Poland and a key asset for securing the import of bulk materials to Poland, in particular thermal coal, coking coal and iron ore.”

The Węglokoks company emphasized that “the acquisition of a controlling stake in the company will strengthen the position of Węglokoks on the logistics market, which is part of the long-term strategy of the Węglokoks Group assuming the development of the logistics business.”

The value of the transaction was not disclosed.

Węglokoks is active in the export of steam coal and is a logistics and trade operator. Węglokoks is the parent company of a capital group that brings together enterprises from the mining, metallurgy, energy and logistics sectors.

The Północny Port is mainly engaged in providing coal transshipment services in a terminal leased from the Port of Gdansk Authority SA