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TTS III

Sector: Water Supply and Storage • Location: Romania

Source: International Finance Corporation (IFC)

Project
Completed

TTS and its subsidiaries (collectively known as TTS Group) are leading providers of integrated logistics, freight forwarding and shipping services in Romania and an existing IFC client. The proposed project is an equity investment of up to EUR 12.0 million for 10% of newly issued shares in the Company. TTS Group is expanding its inter-modal operations across the Danube River System and in Constant

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Project Information

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The project “TTS III” is an infrastructure initiative in the Water Supply and Storage sector, located in Romania. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

Sponsoring Agency

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Company

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Status

Original status

completed

Taiyo status

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Taiyo last update

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Available timestamps

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Description

Description

TTS and its subsidiaries (collectively known as TTS Group) are leading providers of integrated logistics, freight forwarding and shipping services in Romania and an existing IFC client. The proposed project is an equity investment of up to EUR 12.0 million for 10% of newly issued shares in the Company. TTS Group is expanding its inter-modal operations across the Danube River System and in Constanta Port in the Black Sea. Proceeds from the investment will be mostly used to fund capital expenditures for TTS subsidiaries: - CNFR Navrom S.A. (Navrom) – river shipping on the Danube - Canopus Star S.R.L. (Canopus) – grain terminal in Constanta Port - Trans Europa Port S.A. (TEP) – river port terminals on the DanubePart of the proceeds will be used to fund various other corporate expenses, including enhancements to the IT systems.

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Original Currency

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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Article Published Date

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