Beneficiary. (4) MMD is as of 2008 wholly-owned by PCC and provides cargo-handling services (stevedoring, warehousing and distribution of mainly fruit and other fresh produce) to customers at Portsmouth International Port (‘the Port’), also owned and operated by PCC. MMD is the principal cargo handling operator in the Port with a long-term lease for the main cargo handling quays. Other operations of the Port relate to roll-on, roll-off ferry services and cruise ships.
(5) MMD has an annual turnover of around GBP 15 million and employs almost 200 members of staff. Before the acquisition by PCC, MMD had been loss-making at least since the financial year 2002/2003. After acquisition by PCC in 2008, the financial results of MMD were largely balanced only thanks to the annual revenue grants provided by PCC. Without these revenue grants by PCC, MMD would have recorded an operating loss for all the years concerned (see below Table 1).
Beneficiary. (39) The beneficiary under the notified modifications is the Designated Supplier –Litgas, the recipient of the new LNG Supplement (13).
(40) Litgas was founded in December 2012 by KN. In October 2016 the State-owned energy company Lietuvos Energija became the sole shareholder of Litgas with a share ownership of 100 %.
(41) The Lithuanian authorities informed the Commission about the planned structural reorganisation of Litgas by way of merging Litgas into UaB Lietuvos duju tiekimas (‘LDT’), which is also controlled by Lietuvos Energija. That means that as of 1 January 2019 Litgas ceased to exist and its functions of the Designated Supplier and its status of beneficiary were taken over by LDT.
Beneficiary. 2.1.1. PostNord