APM Terminals sells its Yantian shareholding
According to APMT, the reason for the sale was that being a minority shareholder and only a financial stakeholder while not operating the port, conflicted with APMT’s business model which is geared towards ports where it can operate or can attain a majority share and have more involvement in the management of the port.
The sale, which is subject to approvals, is expected to be finalised on or before July 31, 2010.
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