Brief: Global Ports Holding Signs 30-Year Concession Agreement For Puerto Rico Port

Global Ports Holding

17/08/2022 07:32

Aug 17 (Reuters) - Global Ports Holding PLC  GPH.L :
    * REG-GLOBAL PORTS HOLDING PLC SIGNS 30-YEAR CONCESSION
AGREEMENT
FOR SAN JUAN CRUISE PORT, PUERTO RICO
    * GLOBAL PORTS HOLDING PLC -  UNDER CONCESSION AGREEMENT
TERMS,
GPH WILL PAY AN UPFRONT CONCESSION FEE OF $75M TO PUERTO RICO
PORTS AUTHORITY
    * GLOBAL PORTS HOLDING PLC -  CONCESSION'S FINANCIAL CLOSE
AND
COMMENCEMENT OF OPERATIONS ARE EXPECTED TO OCCUR IN SECOND HALF
OF GPH'S FINANCIAL YEAR 2023

Source text for Eikon:  ID:nEQ1b7XpBa 
Further company coverage:  GPH.L 

 ((Reuters.Briefs@thomsonreuters.com;))