Olmar and PGGM have entered into a strategic partnership for developing an international platform for logistic port infrastructure in Finland.
A first acquisition concerns port infrastructure (storage and transshipment) of the Porin Satama, a seaport near the city of Pori, situated on the Gulf of Bothnia in Finland.
The joint venture´s (JV) main focus is on strategic port infrastructure, which requires investment in digitization and automation. PGGM has a controlling interest in the JV, while Olmar holds the remaining interest. PGGM commented on the deal as a long-term investment for the company and stated their interest in developing and expanding further the Port´s logistic activities.