APM Terminals divests its share in Russian terminal operator Global Ports

APM Terminals (APMT) has entered into an agreement to divest its 30.75% shareholding in Russian terminal operator Global Ports Investments (GPI) to long-standing partner Delo Group.

The forthcoming sale to Delo Group, who already owns 30.75% of GPI’s shares, follows Maersk’s announcement earlier this year that it would discontinue its activities in Russia.

The transaction has been undertaken on an arm’s length basis and includes an ability for APMT to re-enter the partnership with Delo in the future.