Metsä Board, part of Metsä Group, and Euroports have signed an agreement on 16th December 2021, according to which Metsä Board Corporation will sell the entire share capital of its fully owned subsidiary Oy Hangö Stevedoring Ab to Euroports Finland Oy.
Euroports Finland Oy is Finland’s leading full-service port operator, which offers a range of value-added services. Euroports Finland is part of the international Euroports Group, which operates in 32 terminals and logistic platforms globally and has a workforce of about 3,000 employees.
“This acquisition is part of the strategy of Cycorp First Investment to increase its position as a leading provider of Infrastructure and logistics solutions in Europe” highlights Axel Fischer, President of Cycorp First Investment.
Oy Hangö Stevedoring Ab has provided cargo handling services at Port of Hanko since 1912. It has gained a strong proficiency during its 100 years in the business. Oy Hangö Stevedoring Ab has around 180 employees, first-rate loading equipment and modern IT solutions.
Frédéric Platini, CEO R-Logitech: “With this transaction EUROPORTS will strengthen its strategic position in Finland and in the Baltic region. We are fully committed to continue to operate following the highest standards of safety and quality, focusing on the sustainability of our operations.
For more information on Cycorp First Investment please contact:
David Filiol, Head of Strategy Email: dfiliol@monacoresources.com Tel: +377 97 98 65 70
About R-Logitech
R-LOGITECH is one of the leading international ports infrastructure operators and logistics services providers in the natural resources sector. The Group’s primary business lines are port and terminal management, logistics and technology solutions.
www.r-logitech.com
investorrelations@r-logitech.com
About Cycorp First Investment
Cycorp First Investment is a global organisation specialising in natural resources and infrastructure & logistics. The group’s asset base is highly diversified and spans metals & minerals, agribusiness, energy, infrastructure, logistics and finance & investments.Headquartered in Monaco and with key offices in London and Luxembourg, the group operates in over 50 countries and employs more than five thousand people.
www.monacoresources.com