{"id":8874,"date":"2026-02-13T07:01:13","date_gmt":"2026-02-13T07:01:13","guid":{"rendered":"https:\/\/ofero.news\/?p=8874"},"modified":"2026-02-13T07:01:13","modified_gmt":"2026-02-13T07:01:13","slug":"ebrd-says-it-sold-operator-of-moldovas-main-port-giurgiulesti-to-romanian-port-constanta","status":"publish","type":"post","link":"https:\/\/ofero.news\/?p=8874","title":{"rendered":"EBRD says it sold operator of Moldova\u2019s main port Giurgiulesti to Romanian port Constanta"},"content":{"rendered":"

The European Bank for Reconstruction and Development (EBRD), in a press release<\/a> on February 12, announced it is set to complete the sale of Danube Logistics, the operator of the Giurgiulesti International Free Port (GIFP), to the Romanian state-owned Port of Constanta (CNAPM Constanta). The contract was signed on New Year\u2019s Eve (December 31) according to the EBRD, but the Port of Constanta has not announced the deal yet.<\/p>\n

\u201cThis transaction marks a milestone for Moldova\u2019s economic development and integration into regional and global trade networks. It also demonstrates the growing investor confidence in Moldova\u2019s potential and its strategic importance as a logistics and transport hub for the wider region,\u201d said \u00a0Giuseppe Grimaldi, EBRD Head of Moldova.<\/p>\n

The deal was previously estimated at \u00a0EUR 62 million, while CNAPM Constanta would invest another EUR 24 million after the takeover.<\/p>\n

The deal was challenged in court by CNAPM\u2019s minority shareholder Fondul Proprietatea last summer, and CNAPM itself conditioned the purchase on the Moldovan state extending the \u201cinternational free port\u201d statute of PILG beyond 2030.\u00a0<\/p>\n

In the meantime, the Romanian state offered to buy out Fondul Proprietatea\u2019s 20% stake in CNAPM, which would smooth PILG\u2019s takeover. But no progress was reported in this regard.<\/p>\n

However, EBRD confirmed in its February 12 press release that the transaction \u201cis expected to close imminently.\u201d<\/p>\n

Moldovan and Romanian governments support and welcome the transaction, the EBRD further said.<\/p>\n

In mid-January, Moldovan media (IPN) announced that another legal obstacle faced by the deal had been removed. Specifically. Bemol Company announced that it is withdrawing all claims related to the PILG, including court actions, precautionary measures, and restrictions applied, after reaching a final settlement of the dispute regarding control over the port operator Danube Logistics. The nature of the final settlement was not announced. Previously, Bemol – Danube Logistics’ former owner, controlled by Azeri investor Rafiq Alyiev, managed to seize in court the 100% stake in Danube Logistics for a claim of roughly USD 10 million, in a process against the Danube Logistics\u2019 past management.<\/p>\n

The EBRD on February 12 announced that it signed the Share Purchase Agreement (SPA) on 31 December 2025 for the sale of 100% of its shares in Danube Logistics to Romania\u2019s National Company Maritime Ports Administration Constanta (CNAPM, or Port of Constanta).<\/p>\n

The approval of the SPA was announced by the Port of Constan\u021ba on 12 February 2026, according to EBRD. The deal was not confirmed independently by the Romanian authorities yet. The managing board of CNAPM is currently entirely formed by members appointed temporarily.<\/p>\n

EBRD said the agreement is the result of an \u201cextensive global mergers and acquisitions tender process run by the EBRD to identify a long-term strategic investor committed to developing the port and strengthening the integration of the Republic of Moldova into regional and global trade networks.\u201d<\/p>\n

The EBRD said Port of Constanta commits to significant long-term investment in the further development of the Giurgiulesti port. The strategic objective is to expand its capacity, enhance its infrastructure, and reinforce its position in the Black Sea region and the Danube basin. These investments are expected to increase the port\u2019s competitiveness, strengthen Moldova\u2019s logistical resilience, and bolster trade links throughout the region.<\/p>\n

iulian@romania-insider.com<\/em><\/p>\n

(Photo source: Ebrd.com)<\/em><\/p>","protected":false},"excerpt":{"rendered":"

The European Bank for Reconstruction and Development (EBRD), in a press release on February 12, announced it is set to complete the sale of Danube Logistics, the operator of the Giurgiulesti International Free Port (GIFP), to the Romanian state-owned Port of Constanta (CNAPM Constanta). The contract was signed on New Year\u2019s Eve (December 31) according […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-8874","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/8874","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8874"}],"version-history":[{"count":0,"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/8874\/revisions"}],"wp:attachment":[{"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8874"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8874"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8874"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}