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Global Ports Holding Plc enters a 20-year port concession agreement

1 min read | November 16, 2020 07:34 AM GMT | By Team Kalkine Media
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Global Ports Holding Plc (LON:GPH) has been awarded a 20-year concession from the Port Network Authority of the Ionian Sea.

  • The concession which is expected to start in Q1 2021 is to manage the services for cruise passengers in the Port of Taranto, Italy.
  • The construction of the new facilities through a state-funded around €28 million investment program is expected to be completed by the end of 2020.
  • On 16 November 2020, the stocks of the company surged by 5.10% from its previous closing, hovering at around GBX 80.40 at 09:58 AM GMT+1.

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