Eurokai will gain 25-30 million euros from the cession of 50% of the container terminal of Gioia Tauro to MSC



The formal transfer from the Contship Italy to the Itaterminaux Luxemburger of group MSC of 50% of the capital of CSM Italy-Gate, society that possesses the entire capital of the Medcenter Container Terminal (MSC), the company that manages the container terminal of the port of Gioia Tauro, is previewed at the end of this month. It has specified the terminalista group German Eurokai in occasion of the today's presentation of budget 2018, remembering that the contract for the cession of the participation to the shipowning group Mediterranean Shipping Company (MSC), that he will become only owner of CSM Italy-Gate, has been undersigned at the beginning of this month(on 1° April 2019).

Eurokai, that it stops 66% of the capital of Contship Italy (remaining 33.4% it is of the Eurogate German in its turn participated to 50% from the same Eurokai), has announced that the cession of 50% in CSM Italy-Gate will yield to Eurokai proceeds comprised between 25 and 30 million euros.

Eurokai has announced that in the exercise anniversary the 2018 revenues of the group are piled to 343,9 million euros (340,1 million in 2017), with a contribution of 333,4 million euros from Contship Italy (329,8 million in 2017). The operating profit is piled to 43,6 million euros regarding 44,5 million in 2017.

Eurokai shortly has been stopped also on the dramatic situation of crisis in which Cagliari pours the CICT Industrial Port, the society participated to 92% from Contship Italy that manages the Cagliari International Container Terminal (CICT), the terminal for containers of the port of single Cagliari that last year it has seen to halve the volume of traffic with 205 thousand teu enlivened (- 49.2%) and with a result anniversary of the society who has turned out burdened also from devaluations of the value of pieces of real estate, equipment pairs to 5,1 million euros, result - has specified the German group - that it has been clearly negative. Eurokai has explained that the developments of the terminal of transhipment of the CICT, than at the beginning the next month the company of German navigation Hapag-Lloyd will lose its main customer -(on 3 April 2019) -, currently they are very difficult to estimate and has specified that in the course of the 2019 they will be got ahead intense it negotiate to the aim to find a solution total.