A.P. Moller-Maersk Divests Its 30.75% Shareholding In Global Ports

A.P. Moller-Maersk’s (Maersk) terminals business, APM Terminals (APMT), has entered into an agreement to divest its 30.75% shareholding in Global Ports Investments PLC (GPI) to long-standing partner Delo Group.

Following the announcement of Maersk’s commitment to discontinue activities in Russia earlier this year, APMT has now entered into a binding agreement, subject to regulatory approvals, to divest its entire 30.75% shareholding in GPI to APMT’s long-standing joint venture partner Delo Group who also owns 30.75% of the shares in GPI.

Global Ports
Credits: Maersk

The transaction has been undertaken on an arm’s length basis and includes an ability for APMT to re-enter the partnership with Delo in the future.

“We are pleased that we have now concluded this transaction according to the plan and with our long-standing partner Delo, enabling us to orderly exit from GPI in line with our decision to discontinue activities in Russia” – Keith Svendsen (CEO of APM Terminals)

With the divestment of its shares in GPI, APMT will no longer be involved in any entities operating in Russia or own any assets in the country. The transfer of share ownership takes place after regulatory approvals have been obtained.

Reference: Maersk

Disclaimer :
The information contained in this website is for general information purposes only. While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.

In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.

Do you have info to share with us ? Suggest a correction

Latest Shipping News You Would Like:

Get the Latest Maritime News Delivered to Your Inbox!

Our free, fast, and fun newsletter on the global maritime industry, delivered everyday.

Leave a Reply

Your email address will not be published. Required fields are marked *