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Maersk's Russian port company gets new co-owner

Global Ports, partly owned by APM Terminals, will see a new co-owner in the form of Russia's Delo Group. The terminal company will be henceforth partly owned by Delo Group and APM Terminals. Corrected 12/21/17.

Photo: Global Ports PR

Russian port company Global Ports, which is partly owned by the Maersk Group, has a new co-owner.

In a press release, Global Ports announced that its shareholder Transportation Investments Holding Limited has sold a 30.75 percent stake in the company to the Russian transport and logistics group Delo Group.

Going forward the company's major shareholders will be Delo Group and Maersk's terminal operator APM Terminals, which also owns 30.75 pct.

Global Ports is the operator of five container terminals in Russia and two terminals in Finland. The company also covers an oil terminal.

The sale of the shareholding to Delo Group must first be approved by the relevant authorities. This is expected to take place in April 2018, reveals Global Ports in a press release.

In the first half of 2017, EBITDA in Global Ports Investments declined by 12.8 percent to USD 97.3 million, which according to management is due to the fact that the Russian currency is stronger.

English Edit: Lena Rutkowski

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