Source: Splash247
To read the full original article, please go to: https://splash247.com/maersk-sells-its-stake-in-russian-ports-business/
Maersk sells its stake in Russian ports business
Aug, 30, 2022 Posted by Gabriel MalheirosWeek 202235
A.P. Moller-Maersk’s terminals business, APM Terminals, has agreed to divest its 30.75% shareholding in Global Ports Investments (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 stake in GPI.
With the divestment of its shares in GPI, APMT will no longer be involved in any entities operating in Russia or own any assets in the country.
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