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.

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