A.P. Moller - Maersk Completes Divestment Of Shares In Global Ports

A.P. Moller – Maersk announced that its terminals business APM Terminals had entered into an agreement to divest its 30.75% shareholding in Global Ports Investments PLC (GPI) to Delo Group. As all necessary conditions have been fulfilled the transaction has now been completed. With this transfer of share ownership in GPI, APM Terminals no longer operates in Russia nor own any assets in the country. As a consequence, the APM Terminals-appointed directors will step down from the Board of Directors of GPI with immediate effect.

About A.P. Moller – Maersk

A.P. Moller – Maersk is an integrated container logistics company working to connect and simplify its customers’ supply chains. As the global leader in shipping services, the company operates in 130 countries and employs around 95,000 people.

About APM Terminals

APM Terminals is part of A.P. Moller-Maersk and operates one of the world’s most comprehensive port networks. We’re uniquely positioned to help both shipping line and landside customers grow their business and achieve better supply chain efficiency, flexibility and dependability. Our team of 22,000 industry professionals is focused on delivering the operational excellence and solutions businesses require to reach their potential. The 75 terminals in our global network are operated exclusively by APM Terminals or together with a joint venture partner. This equates to handling around 250 vessel calls per day and 12.8 million moves per year.

About Global Ports Investments PLC

Global Ports Investments PLC is the largest container terminal operator in the Russian market. The Group owns and operates 7 marine container and multipurpose terminals in two key marine container gateways. The Group’s main business is container handling. In addition, the Group handles a number of other types of cargo, including bulk, cars and other types of roll-on roll-off cargo.

Reference: Maersk