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25 September 2022 The on-line newspaper devoted to the world of transports 12:27 GMT+2

August 29, 2022

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APM Terminals sells its stake in Russia's Global to Delo Ports

A joint venture may be reconstituted in the future

The Danish shipowning group A.P. Møller-Mærsk has announced today the signing of an agreement to sell its 30.7% share of the capital of the terminalista company Global Ports Investments (GPI) of the Russian group Delo, sale of had been proposed in March as part of the company's program Scandinavian divestment of its activities in Russia in follow-up to the conflict unleashed by Moscow against Ukraine ( of 11 March 2022). The share will be sold by APM Terminals, subsidiary of the Maersk group, to the Delo group which it currently holds also 30.75% of the capital of THE GPI.

Maersk has announced that the transaction has been carried out under market conditions. In addition, Maersk and Delo have specified that the agreement includes the possibility that in the future APM Terminals re-establishes a joint venture with Delo.

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