apm-terminals-maersk

APM Terminals to divest Russian interests

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. ... [+]