APMT exits MCT Gioia Tauro

On the same day that it announced the purchase of the Vado Ligure Reefer Terminal in North-Western Italy, near Genoa, from the GF Group, APM Terminals (APMT) announced that it had divested its 33% ownership interest in the Medcenter Container Terminal (MCT) at Gioia Tauro.

The shares were sold to the majority owner, which is jointly owned by Contship Italia Group and Terminal Investment Limited. APMT had held one-third equity in the terminal since 2000; the terms of the sale and price were not disclosed.

In a statement the terminal operator described its minority interest in MCT as “non-core” and therefore divestment of its interest was a strategic move that boosts the focus on the company’s core business.