APM Terminals will withdraw from the share capital of Russian Global Ports

The terminal operator APM Terminals intends to begin the procedure for withdrawing from the share capital of the Russian container terminal operator Global Ports.

“On March 11th, the company and its Board of Directors received a notice from APM Terminals B.V. (APMT, owns a 30.75% stake in Global Ports) of its intention to proceed with the procedure for withdrawing from the share capital of Global Ports,” the Russian operator said in a statement, Interfax-Ukraine writes.

Global Ports is the largest container terminal operator in the Russian Federation. Management of five container terminals in Russia (Petrolesport, First Container Terminal, Ust-Luga Container Terminal and Moby Dik in the Baltic, Vostochnaya Stevedoring Company in the Far East) and two container terminals in Finland (Multi-Link terminals in Helsinki and Kotka). Global Ports also owns the Yanino Logistics Park near St. Petersburg. The main shareholders are the Delo group (Sergey Shishkarev and Rosatom) and APM Terminals B.V.

APM Terminals (headquartered in The Hague, the Netherlands) is the terminal operator of the Danish transport and logistics group A.P. Moller-Maersk. Engaged in the design, construction and operation of seaports and terminals.