EBRD completes landmark exit from Giurgiulesti International Free Port with sale to Port of Constanța

The European Bank for Reconstruction and Development (EBRD) has completed the sale of ICS Danube Logistics, the operator of Moldova’s Giurgiulesti International Free Port (GIFP), to Romania’s state‑owned Port of Constanța, which is now the sole owner of GIFP.

The transaction followed an extensive global mergers and acquisitions tender process run by the EBRD, with the aim of identifying a long‑term strategic investor committed to continuing development of GIFP and to strengthening Moldova’s integration into regional and global trade networks. Romania’s National Company Maritime Ports Administration SA Constanța (Port of Constanța) was selected as the preferred bidder following a rigorous competitive process and has now completed the acquisition of 100 per cent of the EBRD’s shareholding in ICS Danube Logistics.

As Moldova’s main maritime gateway, GIFP plays a critical role in maintaining supply chains and supporting economic stability, handling more than 70 per cent of the country’s waterborne imports and exports. The port’s strategic importance has grown significantly in recent years and it is well positioned to support regional trade and future reconstruction efforts in the wider region. 

As the new owner, the Port of Constanța has committed to the long‑term development of GIFP, including investment aimed at expanding capacity, modernising infrastructure and strengthening the port’s role within European transport and logistics corridors. The transaction is also expected to reinforce economic and trade links between Moldova and Romania. 

During the sale process, the EBRD worked closely with the authorities in Moldova and Romania to ensure compliance with national legislation and to secure an outcome that supports the port’s long‑term sustainability.

This exit marks a milestone in the EBRD’s involvement in GIFP, which began in 1995 with its support for the port’s construction and expanded into a role supporting the development of a now fully developed and strategically important maritime gateway, which is entering a new phase of long-term strategic ownership.