Boluda Towage eyeing acquisition of Ukraine's LBS Towage from TIS co-owners
The Antimonopoly Committee of Ukraine (AMCU) has authorized BT Black Sea S.a.r.l.
The Ukrainian Antimonopoly Committee has cleared Boluda Towage S.L., a Spanish port towage operator, to acquire control of Ukrainian tugboat operator LLC LBSH from the co-owners of TIS, Ukraine's leading privately-owned stevedoring company. The decision was made on Thursday, allowing BT Black Sea S.a.r.l., owned by Boluda, and Cornlex Impex Limited to enter coordinated actions under a five-year non-compete agreement in place since July 1, 2026.
BT Black Sea S.a.r.l., registered in Luxembourg in June, was previously ConTerm UKR SARL, with a EUR 12,000 share capital. Following Boluda's takeover in September, the company adopted its current name. Boluda Towage is a leading global maritime services provider, operating in Europe, Africa, Asia, and Latin America with a fleet of over 400 vessels in 100 ports across 18 countries.
Mediterranean Shipping Company (MSC), a major ocean container carrier, recently acquired a 49% stake in Boluda Towage, while the other owners of TIS container terminal at Pivdenny Port include Oleksiy Fedorychev, Olekh Kutateladze, and the Hrebennikov and Stavnitser brothers. LBSH LLC, based in Odesa, specializes in water transport services and saw a 15.9% revenue increase and 58.9% net profit rise in the first half of the year, reaching UAH 460.3 million and UAH 106.8 million, respectively.
Written by urgent.news from Interfax-Ukraine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
