P&O Ports Acquires Luka Novi Sad

P&O Ports Acquires Luka Novi Sad

BDK Advokati represented P&O ports from Dubai in the acquisition of port Luka Novi Sad. The value of the transaction is EUR 23 million. The acquisition and investments to be made should help Luka Novi Sad to recover its devastated infrastructure and reach its full capacity of two and a half million tons of cargo loading and discharging per year.

P&O ports is a member of DP World group – the third largest port operator in the world. Thanks to the acquisition of Luka Novi Sad, DP World will operate one port on the Danube international waterway for the first time. This is a significant addition to its already large portfolio which, among others, includes ports of Antwerp and Rotterdam.

BDK Advokati’s team was led by senior partner Vladimir Dasic and also involved senior associate Tomislav Popovic on the corporate and M&A side, and associate Mladen Vujic on merger control filing.

BDK Advokati represented P&O ports from Dubai in the acquisition of port Luka Novi Sad. The value of the transaction is EUR 23 million. The acquisition and investments to be made should help Luka Novi Sad to recover its devastated infrastructure and reach its full capacity of two and a half million tons of cargo loading and discharging per year.

P&O ports is a member of DP World group – the third largest port operator in the world. Thanks to the acquisition of Luka Novi Sad, DP World will operate one port on the Danube international waterway for the first time. This is a significant addition to its already large portfolio which, among others, includes ports of Antwerp and Rotterdam.

BDK Advokati’s team was led by senior partner Vladimir Dasic and also involved senior associate Tomislav Popovic on the corporate and M&A side, and associate Mladen Vujic on merger control filing.