Global Infrastructure Partners, Grupo Romero acquire 50 per cent of Tramarsa

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Global Infrastructure Partners (GIP) and Grupo Romero, a privately owned conglomerate in Latin America, have together announced the acquisition of a 50 per cent stake in Trabajos Maritimos S.A. (Tramarsa).  

Tramarsa is an integrated port infrastructure platform in Peru.

GIP is investing in Tramarsa through its GIP Emerging Markets I Fund.

The transaction represents the beginning of a new joint venture that will be co-controlled by GIP and Grupo Romero.

Through this strategic partnership, and building on Tramarsa’s established operations, both firms plan to invest further in port and mining adjacent infrastructure throughout the Andean region in South America.

READ: Single Window saves millions for Peru’s ports

Tramarsa operates two port concessions in Peru: Terminal Internacional del Sur at the Port of Matarani and Salaverry Terminal Internacional at the Port of Salaverry.

Both concessions are strategically located at the natural maritime exit and entry points for Peru’s primary mining and agricultural regions.

Tramarsa also provides port services and operates private terminals through its subsidiaries and has minority investments in three specialised cargo terminals.

With Peru being the world’s second-largest copper producer, representing 10 per cent of the metal’s global production in 2022, Tramarsa benefits from attractive long-term trends as copper demand is expected to nearly double by 2035, according to GIP.

“We look forward to working with Grupo Romero and Tramarsa, leveraging our operational expertise to build on the company’s established ports business and pursue growth and expansion opportunities in the transportation sector in the Andean region,” said Adebayo Ogunlesi, Chairman and Chief Executive Officer of GIP.

This acquisition comes two months after APM Terminals Callao, operator of the largest multipurpose terminal in Peru, was given a further boost with a new electric Panamax ship-to-shore crane and two Electrified Rubber Tyred Gantry Cranes (ERTGs).

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