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Unquote
  • Exits

Gimv sells EBT stake

  • Ellie Pullen
  • 01 December 2014
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Gimv has sold its stake in Belgian bulk and fruit stevedoring company European Bulk Terminals (EBT) to Sea-Invest Group.

Sea-Invest is a Belgian stevedoring and transport conglomerate with several businesses under its belt. EBT is a sub-holding company of Sea-Invest, with shareholdings in several of Sea-Invest's businesses.

Gimv sold its stake in EBT alongside NMBS, the national railway company of Belgium. The two parties collectively held a 30% stake.

European Bulk Terminals

  • DEAL:

    Trade sale

  • LOCATION:

    Ghent

  • SECTOR:

    Marine transportation

  • STAFF:

    5,500

  • VENDOR:

    Gimv

Sea-Invest is now the sole shareholder of EBT. Gimv had been a shareholder of EBT since 1992.

Company
Headquartered in Ghent, the company is a terminal operator for fruit and both dry and liquid bulk.

The business is active in stevedoring, transport and warehousing. It handles an average of 100 million tonnes of goods per year.

EBT operates out of 25 ports in eight countries, namely Belgium, the Netherlands, France, Germany, Poland, Senegal, Ivory Coast and South Africa. It employs 5,500 staff.

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