The Meridian

Congo Terminal expansion at the Autonomous Port of Pointe-Noire – EUR 230m financing (AGL / APM Terminals / SOCOTRANS JV)

1 March 2025 Public record

Value
€230m
Date
1 March 2025
Transaction type
Acquisition
Practice area
Mergers and Acquisitions, Project Finance and Infrastructure
Sector
Banking and Financial Services
Jurisdiction
Republic of the Congo
Client
Congo Terminal (Africa Global Logistics; JV with APM Terminals and SOCOTRANS) – borrowers

Summary

Congo Terminal expansion at the Autonomous Port of Pointe-Noire – EUR 230m financing (AGL / APM Terminals / SOCOTRANS JV).

Signing announced 10-12 March 2025; CFA 150.88bn (EUR 230m / c.US$250.7m) financing for a new 750m quay (28 ha, 17m depth) by 2027; total project cost EUR 361m; Congo Terminal is the exclusive concessionaire of the container and ro-ro terminal and a company of national importance under COBAC/CEMAC rules.

Why it matters

2 – Major (USD 100m-1bn)

Scope of legal work

A&O Shearman (legal adviser to Africa Global Logistics and Congo Terminal on the EUR 230m financing; team led by partner Amine Bourabiat)

Advisers

LawyerFirmRole
Amine BourabiatA&O ShearmanLead partner

Other parties

Congo Terminal (Africa Global Logistics; JV with APM Terminals and SOCOTRANS) – borrowers (acquirer or investor); Lender group led by Credit du Congo and Attijariwafa Bank (with Ecobank, BCI, BSCA and BGFIBank Congo) (counterparty or target)

Other advisers

Credit du Congo and Attijariwafa Bank (arrangers); Crédit du Congo (structuring)

Sources

Compiled by Meridian from the public announcements and filings listed under Sources.

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