APMT to buy remaining 40% of Aarhus facility

APM Terminals (APMT) has reached an agreement to purchase the remaining 40% of its facility in Aarhus, Denmark, from its joint venture partner (JV) Aarhus Service Holding A/S.

The transaction, the price of which was not disclosed, will give APMT full ownership of the facility.

The current business entity was created in August 2010, when APM Terminals Aarhus and Cargo Service A/S, which is a subsidiary to Aarhus Service Holding A/S, combined their adjacent facilities in a 60/40 JV.