APM Terminals to acquire 100% of Grup Maritim TCB in US$1bn deal
APM Terminals (APMT) has upped its agreed stake in Grup Maritime TCB from the 61% share it announced last month to a full 100% stake in a US$1bn transaction.
Following the agreement with Perez y Cia for its majority share in the Spanish terminal operator, the Maersk-subsidiary has now signed agreements with the minority shareholders for their remaining share.
Capital expenditure investments of US$400m are expected over the next five years, subject to market conditions.
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