APM Terminals heralds listing of port company

APM Terminals Bahrain, which operates the Khalifa Bin Salman Port, will be listed later this year, according to Bloomberg.

Photo: APM Terminals

Maersk-owned APM Terminals Bahrain, which operates Khalifa Bin Salman Port, will be listed later this year.

Most recently, investment bank Sico has been tapped to carry out the the IPO, reports Bloomberg News. According to Tradearabia, the plan is to list the company at the end of 2018.

Maersk owns 80 percent of the Bahrain port, while the rest is owned by YBA Kanoo Holdings in Bahrain. The plan is to sell 20 percent of the shares on the Bahrain stock exchange.

The possibility for a listing was part of the deal entered between Maersk and the Bahrain government when the port operations were privatized in 2006.

English Edit: Lena Rutkowski

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