Thursday , January 27 2022

Grupo Matte agrees with the port company for sale in DP World



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Chile's Matte Group signed a contract to sell its shares (71.3%) to Puertos y Logística S.A. (Pulogsa) DP World dubai, an operation that could reach $ 502 million today, was approved by local business sources.

The deal was announced only on Saturday evening to the Financial Market Commission (CMF) and is expected to be completed in the first half of this year.

Matte Group Participation Pulogsa, implemented through Puerton Valparaiso SA, is the port matrix that includes Puerto Centro (San Antonio), 110 kilometers southwest of Santiago, the Valparaiso region and Puerto Lirquén, about 550 kilometers. south of the Chilean capital Biobío region.

Amos are the main multifunctional terminals Chile, according to the volume of cargo handled.

Other Pulogsa shareholders are Celulosa Arauco and Empres Copec, controlled by Angelini Group, which owns 21% and the rest on the stock exchange.

The transfer of shares will take place through a public share offer (OPA)

DP World is the world's port business giant, owning 78 terminals, including Peru's Callao port south pier, Rio de la Plata terminals in Buenos Aires, and Santos port in Brazil.

It also operates in Asia (China, India, Pakistan, Saudi Arabia, South Korea, Turkey, Vietnam, United Arab Emirates), Europe (Belgium, Spain, France, Germany, Netherlands, Romania and the United Kingdom), Africa and Australia. .

"We want to accelerate business growth by making new investments in the company and its people," said Tiemen Meester, executive director of the Dubai company in America.

Meanwhile, Martina Costabala, Minera Valparaíso S.A. President said the port industry "calls for strategic partners worldwide to be today"

"We chose the DP World proposal to abandon Pulogsa control, as it is a world-class operator that will be a great supporter of international trade. Chile and the development of our ports and their communities, ”he added.

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