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prima:With links in Russia, the possible P3 that would operate the docks for cruise ships in the San Juan Bay

Global Ports could see financial relief with Puerto Rico, but its parent company´s main shareholder is one of the Russian banks sanctioned by the United States

July 27, 2022 - 11:28 AM

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This content was published more than 2 years ago.
El Nuevo Día revealed this week that three investment banks collaborating with the government in the debt restructuring process - JP Morgan Chase & Co., Morgan Stanley, and Barclays - are also shareholders of GPH. (Agencia EFE)

If the government of Puerto Rico agrees with Global Ports Holding Plc (GPH) to operate the cruise docks in San Juan Bay and, as anticipated, the cruise ships industry recovers from the effects of the Covid-19 pandemic, the transaction could bring relief to the company’s financial position, increasing its passenger volume by one-fifth.

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