A consortium of Monaco Resources, the Federal Holding and Investment Company (FPIM) of the government of Belgium and Participation Company Flanders (PMV), an independent investment company established by the government of Flanders, the Dutch-speaking northern region of Belgium, has submitted a final bid to purchase Euroports.
Euroports operates and manages a network of port terminals in strategic locations across Europe and Asia. Half of the company's terminals are located in Belgium, with major operations in Antwerp.
The purchase price is expected to be between EUR200 and 250 million (~US$230 and 285 million). However, the assumption of Euroports' debt would increase this to between EUR700 and 800 million (~US$800 and 915 million). It is anticipated that Monaco Resources Group would invest more than half of the final consideration and the remainder would be provided by FPIM and PMV.