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EBRD takes over operator of Moldova’s Giurgiulesti port

Logistics

Photo by Piotr Swat / Shutterstock.com

The European Bank for Reconstruction and Development said on Wednesday that it has acquired 100% of the capital of the Danube Logistics Group, the operator of Moldova’s Giurgiulesti International Free Port.

Through its acquisition, registered by the relevant court in Moldova on May 18, the EBRD aims to promote a continuation of the successful operation and development of the port and will seek to attract international investors to further support and develop the port, it said in a press release.

Giurgiulesti International Free Port is Moldova’s only sea-river port located on the river Danube. On average, the port facilitates the international trade of Moldovan companies with more than 50 countries every year.

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