Shipping company Stena Line intends to buy 100% of the shares of the Latvian port operator Terrabalt, which operates a terminal in Liepaja. If the deal is approved, the company will take over the management of the facility, which handles Ro-Ro cargo, bulk and general cargo.
Liepaja is the third largest port in Latvia and part of a free economic zone that includes a port, an industrial area and an airport. At present, Stena Line already serves the Liepaja-Travemünde route with two ferries, and also operates Ventspils-Nynäshamn flights. From May 2023, the company will manage port operations in the country’s second largest port, Ventspils.
The acquisition of Terrabalt requires approval from the Latvian Antimonopoly Committee and other regulators. Until all permits are received, the terminal will remain under the management of the current owners.