Maersk’s Terminals Business Exits Russia with Sale of Russian Operator Global Ports
A.P. Moller-Maersk (Maersk)-owned APM Terminals (APMT) will divest its shares of Russian container terminal operator Global Ports Investments (GPI) to a long-term partner Delo Group.
The move follows Maersk’s decision to discontinue activities in Russia following the country’s invasion of Ukraine earlier in the year.
Specifically, 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...
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