APM Terminals is going to sell its entire stake in Global Ports Investments (GPI), a Russian terminal operator with a well-established presence not only in Russia but also in the Baltic, to its partner Delo Group.
Maersk’s terminal operator’s decision stems from its desire to discontinue all business with Russian companies or operators.
With the acquisition of 30.75% of the shares that APM held in GPI, Delo Group will become the majority shareholder of GPI, owning over 60% of the shares.
APM Terminals is currently the second largest port operator in the world, handling 50.4 million TEUs in 2021.
Translation by Giles Foster