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.
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 orderly exit from GPI in line with our decision to discontinue activities in Russia.
With the divestment of its shares in GPI, APMT will no longer be involved in any entities operating in Russia or own any assets it the country. The transfer of share ownership takes place after regulatory approvals have been obtained.
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.
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