16/03/2022 | Russia

After the invasion of Ukraine, the Danish A.P Møller-Maersk plans to sell its 30.75% stake in the Russian port operator Global Ports Investments, which manages six terminals in Russia and two in Finland.

 

 

In 2012, APM Terminals, the port unit of Maersk, had acquired a 30.75% stake in Global Ports Investments from Transportation Investments Holding Limited, which is one of the largest private transportation groups in Russia. The value of the acquisition was estimated at $860 million.

 

 

Global Ports Investments, listed on the London Stock Exchange, is Russia's largest container terminal operator. The company operates 6 terminals in Russia, 5 of them in the Saint Petersburg region and 2 in Finland. Container handling is the main activity of the company, which in 2021 moved 1.6 million TEUs.

 

 

Now, after the invasion of Ukraine and the consequent operational problems, Maersk has decided to sell its stake in Global Ports Investments.

 

 

 

source: rtl.be, maritime-executive.com, reuters.com