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APM Terminals to divest Russian interests

[ September 1, 2022   //   ]

AP Moller-Maersk’s APM Terminals (APMT) has agreed to divest its 30.75% shareholding in Global Ports Investments (GPI) to joint venture partner Delo Group, which alsoowns 30.75% of the shares in GPI. It is part of Maersk’s commitment to discontinue activities in Russia earlier this year. 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. APMT will no longer be involved in any entities operating in Russia or own any assets in the country. The transfer of share ownership will take place after regulatory approvals have been obtained.