ShippingWatch

Maersk on sale of stake in Russia's Global Ports: Will realistically take months

Maersk plans to sell all its assets in Russia, including warehouses, Svitzer operations and terminal operator Global Ports. A sale of Global Ports will realistically ”take months,” says the company. Analyst projects Maersk will sell at a loss.

Photo: Global Ports Portchain

Maersk is looking to divest its assets in Russia, and this first and foremost means a sale of the group’s stake in port operator Global Ports.

In a statement to ShippinhWatch on Friday, Maersk confirms the plans to sell the stake, after Global Ports in a separate press release said that Maersk’s subsidiary APM Terminals has given notice of its intentions to start divesting the 30.75 percent stake.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

CEO appoints new J. Lauritzen investment team

Kristian Mørch, the former CEO of Odfjell and current CEO of investment firm J. Lauritzen, has already constructed his new team, which involves both shipping and investment industry professionals.

Further reading

Related articles

Latest news

See all jobs