Sea Freight
Maersk Completes Divestment of Shares in Global Ports
APM Terminals now no longer operates in Russia nor owns any assets in the country
A.P. Moller - Maersk announced that its terminals business APM Terminals had entered into an agreement to divest its 30.75% shareholding in Global Ports Investments PLC (GPI) to Delo Group.
As all necessary conditions have been fulfilled the transaction has now been completed. With this transfer of share ownership in GPI, APM Terminals no longer operates in Russia nor own any assets in the country.
As a consequence, the APM Terminals-appointed directors will step down from the Board of Directors of GPI with immediate effect.
Read More: Maersk Signs Deal with Dubai South to Expand Warehousing, Distribution
